Wireva

US economy grows 3.4% in third quarter on strong consumer spending

The American economy expanded at a brisk 3.4% annualised pace in the third quarter, driven by robust consumer spending and investment in artificial intelligence, despite higher energy prices linked to the conflict with Iran.

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The American economy expanded at a brisk 3.4% annualised pace in the third quarter, driven by robust consumer spending and investment in artificial intelligence, despite higher energy prices linked to the conflict with Iran.