US GDP Growth Rate Modified to 2.1% p.a. in Third Quarter

  • Nov 28, 2019 AEDT
  • Team Kalkine

The Commerce Department in its second estimate of third-quarter Gross Domestic Product (GDP) has recently stated that the US GDP rose at an annual rate of 2.1 per cent. The department also indicated the following:

  • The July-September growth rate exceeded the initial estimate of 1.9 per cent rate.
  • Economic growth picked up due to a less steep fall in business investment and a stronger rate of inventory accumulation.
  • When calculated from the income side, the economy expanded at a 2.4 per cent rate in the last quarter.


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