US GDP Update: Q3 2024 Growth Slips to 2.8%
👌Slight Slowdown: The U.S. economy grew at a 2.8% annual rate in Q3 2024, a dip from the 3.0% in Q2. A small slowdown, but still positive.
👌Key drivers: Consumer spending, exports, federal spending and business investment all played key roles in keeping things moving.
👌Imports Impact: A rise in imports, subtracting from the GDP boost.
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