Economy

The economy probably showed gangbuster growth in the third quarter. But will it last?

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People shop along Broadway in Manhattan on July 27, 2023 in New York City.

Spencer Platt | Getty Images

The U.S. economy likely turned in another strong performance heading into the final part of the year, though what’s ahead could be significantly different.

Gross domestic product, or the sum of all goods and services produced in the U.S. economy, is expected to post a 4.7% annualized gain for the third quarter, according to a Dow Jones consensus estimate. The Commerce Department will release its first estimate of GDP at 8:30 a.m. ET.

If the projection is correct, it will be the strongest output since the fourth quarter of 2021, when growth was just shy of 7%.

However, policymakers,…



Source cnbc.com

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