U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected


The 4.9% annual growth in U.S. GDP during the third quarter exceeded expectations. This figure was the highest level of growth achieved since the second quarter of 2014, and it is the third consecutive quarter of positive growth. The news was led by a healthy surge in consumer spending, which increased 3.6% in the quarter, as well as increases in business investment and government spending. This bodes well for the US economy and indicates a period of strong economic growth.