31-10-2021, 11:50 PM
https://www.aljazeera.com/economy/2021/1...t-spending
US gross domestic product (GDP) which measures the value of goods and services produced by the economy, grew 2 percent in the third quarter from the same period a year ago, the US Department of Commerce said on Thursday.
"Overall, this is a big disappointment given that the consensus expectation at the start of the quarter in July was for a 7.0% gain and even our own bearish 3.5% forecast proved to be too optimistic,” said Capital Economics chief US economist Paul Ashworth in a note to clients.
US gross domestic product (GDP) which measures the value of goods and services produced by the economy, grew 2 percent in the third quarter from the same period a year ago, the US Department of Commerce said on Thursday.
"Overall, this is a big disappointment given that the consensus expectation at the start of the quarter in July was for a 7.0% gain and even our own bearish 3.5% forecast proved to be too optimistic,” said Capital Economics chief US economist Paul Ashworth in a note to clients.