U.S. Economy Grew a Strong 4.9%, Driven By Consumer Spree That May Not Last

WSJ’s Dion Rabouin unpacks the latest GDP report and explains what it says about the state of the economy. Photo: Li Jianguo/Zuma Press

Economists expected economic growth to rise significantly and now that we’ve got the latest GDP report, we’ll break down the biggest takeaways in the data. WSJ’s Dion Rabouin will unpack the report and explain what really matters. Photo: Li Jianguo/Zuma PressThe economy expanded at a 4.9% annual pace in the third quarter—more than double than in the second quarter—the Commerce Department reported Thursday.

Overall gross domestic product, reported as a seasonally- and inflation-adjusted rate, and consumer spending both recorded the fastest pace since late 2021.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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