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US economy grew by 4 9% in the third quarter | Money

The US economy expanded at a robust pace of 4.9% in the third quarter, surpassing expectations and defying predictions of a recession. Despite concerns of higher prices and rising interest rates, consumer spending remained strong, driving the acceleration. However, a steady slowdown is expected in the current quarter and beyond, attributed to higher borrowing rates and cautious spending by businesses and consumers.

The US economy grew 4 9% annual rate in the third quarter

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