U.S. Economy Holds Up With 1.9% Growth on Consumer Strength

[m.knox]

Pretty good considering a global slowdown.

Jobs Jobs Jobs.... The best economic stimulus is an American with a job. Working Americans are not a SUGAR HIGH.... lol.....

https://www.msn.com/en-us/finance/m...-19-25-growth-on-consumer-strength/ar-AAJzqQX

A resilient American consumer helped the U.S. economy expand more than forecast in the third quarter, assuaging concerns for now of a more pervasive slowdown tied to weakening business investment and faltering export markets.

Gross domestic product increased at a 1.9% annualized rate, according to Commerce Department data Wednesday that topped forecasts in a Bloomberg survey that called for 1.6% growth. Still, that’s down from 2% in the second quarter and is the lowest since the end of 2018.

 

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