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US GDP grew by only 2% in the third quarter


October, 28 2021
watermark Economic news

According to a press release from the Bureau of Economic Analysis of the US Department of Commerce, the US GDP in the third quarter, according to the first estimate, grew by 2% year-on-year. Analysts had expected US GDP growth of 2.7%. At the same time, in annual terms (that is, in relation to the same period of the previous year), the US economy grew by 4.9% last quarter.


The real growth rate of consumer spending in the United States for the reporting period increased by 1.6% after an increase of 12% in the second quarter. 


In the second quarter, US GDP grew by 6.7% year-on-year and by 12.2% compared to the same period of the previous year. 


According to the results of the entire last year, the American economy declined by 3.4%. Such a decline in the world's largest economy has become the most impressive since 1946. Then the indicator fell by 11.6%. In addition, this was the first decline in GDP for the year since 2009 (then the indicator dropped by 2.5%).


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.