GDP Grew at 3.5 Percent in Third Quarter, Second-Best Quarter Since 2015 GDP Grew at 3.5 Percent in Third Quarter, Second-Best Quarter Since 2015 – NTK Network

GDP Grew at 3.5 Percent in Third Quarter, Second-Best Quarter Since 2015

The Bureau of Economic Analysis' second estimate of third-quarter GDP put the U.S. figure at 3.5 percent, marking the second-best quarter since 2015.

By NTK Staff | 11.28.2018 @10:30am
GDP Grew at 3.5 Percent in Third Quarter, Second-Best Quarter Since 2015

U.S. real gross domestic product (GDP) grew at an annualized rate of 3.5 percent in the third quarter of 2018, according to the second estimate of the third quarter released by the Bureau of Economic Analysis (BEA) on Wednesday.

BEA wrote:

Real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2018 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.2 percent.

The second quarter’s 4.2-percent annualized rate was the best quarter for the U.S. economy in years. The third quarter’s 3.5-percent rate is still strong, marking the second-best quarter of real GDP growth in the U.S. since 2015.

The last time the U.S. had back-to-back quarters this strong was in 2014, when the second quarter saw 5.1-percent growth and the third quarter saw 4.9-percent growth.

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