USA: Growth of 2.3% at annualized rate of GDP in Q3


USA: Growth of 2.3% at an annualized rate of GDP in Q3 |  Photo credits: Ana Paula Hirama / Creative Commons

USA: Growth of 2.3% at an annualized rate of GDP in Q3 | Photo credits: Ana Paula Hirama / Creative Commons

WASHINGTON, Dec.22 (Reuters) – Growth in the U.S. economy slowed sharply in the third quarter amid the COVID-19 pandemic, final gross domestic product (GDP) statistics released by the Commerce Department confirmed on Wednesday.

The GDP of the United States grew by 2.3% at an annualized rate compared to the previous three months, a figure revised upwards compared to the previous estimate which was 2.1%.

Economists polled by Reuters forecast an average figure of 2.1% after growth of 6.7% in the second quarter, still at an annualized rate.

Wall Street index futures for the S & P-500 edged down their losses slightly after this statistic was released. (Report Lucia Mutikani; French version Claude Chendjou, edited by Jean-Michel BĂ©lot)





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