America: Growth in the third quarter of the US economy compared to earlier, GDP increased to 3.2 percent

Posted on 23rd Dec 2022 10:39 am by rohit kumar

US Treasuries saw an increase this time compared to the previous quarter. However, the results are mixed. In its third estimate of gross domestic product, the government said that the gross domestic product (GDP) grew at an annual rate of 3.2% in the third quarter. It saw an increase compared to the 2.9% reported last month.

 

Kevin said, 'It's showing how the third quarter has changed.' A report out Thursday showed the number of Americans filing new claims for unemployment benefits rose less than last week, pointing to a still tight labor market.

 

Let us tell you that according to recent reports in America, inflation has come down, but the American economy remains strong. Some surveys released this week suggest the Fed's higher rates are not slowing spending by businesses or consumers.

 

A recent survey of chief financial officers found that the current level of interest rates has not affected their spending plans. And consumer confidence improved in December, reaching its highest level since April, according to a survey by the Conference Board.

 

Also Read: Apple Inc: Shock to China, India Apple's favorite manufacturing center, attractive market for foreign companies

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