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The U.S. economy showcased resilience and strength in the third quarter, surpassing growth expectations. As per the latest figures, the Gross Domestic Product (GDP), which encapsulates the total production of goods and services, surged at an annualized rate of 4.9%, beating the anticipated 4.7% mark. This robust growth can be attributed to multiple factors, including heightened consumer spending, augmented inventories, a spike in exports, burgeoning residential investment, and amplified government expenditure. Notably, this upswing transpired despite the looming challenges of elevated interest rates, persistent inflationary pressures, and an array of domestic and global challenges. The data sheds a positive light on the U.S. economic landscape and its capacity to navigate through headwinds. #GDP #Economy #ConsumerSpending #inflation #stockmarket #investor #investing
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