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U.S. Economic Growth Surges With Still Strong Consumer Spending, but Experts Say It Won’t Last

U.S. Economic Growth Surges With Still Strong Consumer Spending, but Experts Say It Won’t Last

Gross domestic product ticked up in the third quarter, but headwinds–like persistent inflation and high-interest rates–hover.

By SARAH LYNCH, Inc.com

Strong economic growth is keeping a recession at bay–but businesses may still need to brace for a downturn

Gross domestic product increased at an annualized rate of 4.9 percent in the year’s third quarter–the fastest clip since the fourth quarter of 2021 and the fifth consecutive month of positive economic growth. 

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