US economy grows faster than expected in report out just ahead of elections
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Business category. Published on October 29, 2026 • Originally reported by Reuters. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Business category. Published on October 29, 2026 • Originally reported by Reuters. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Growth is in sharp contrast to households’ assessment, reflected in Trump’s record-low approval ratings
The US economy grew faster than expected in the third quarter as resilient consumer spending and AI-driven business investment more than offset the impact of higher oil prices stemming from the conflict in the Middle East.
Gross domestic product (GDP) increased at a 3.4% annualized rate last quarter, the commerce department’s bureau of economic analysis said in its advance estimate of the third quarter GDP on Thursday. Economists polled by Reuters had forecast GDP advancing at a 3.2% pace.
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