At 4.9%, US economy grows fastest in 2 years

The US economy grew at the fastest pace in nearly two years last quarter, fuelled by a surge in consumer spending. GDP accelerated to a 4.9% annualised rate, more than double the second-quarter pace, according to the government's preliminary estimate on Thursday.

Oct 27, 2023 - 08:30
At 4.9%, US economy grows fastest in 2 years
The US economy grew at the fastest pace in nearly two years last quarter, fuelled by a surge in consumer spending. GDP accelerated to a 4.9% annualised rate, more than double the second-quarter pace, according to the government's preliminary estimate on Thursday.