U.S. GDP bump confounds expectations despite recession fears

U.S. GDP bump confounds expectations despite recession fears

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Despite fears of a recession looming, the U.S. economy has grown at a 2.9 percent annual rate in the months between July and September—even more than analysts had estimated a month ago. On Wednesday, the Bureau of Economic Analysis (BEA) published revised GDP data for the third quarter of 2022,…

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