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The Independent UK
The Independent UK
National
Paul Wiseman

US economy grew 3.2% in Q3, an upgrade from earlier estimate

Copyright 2022 The Associated Press. All rights reserved

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth.

The rise in gross domestic product — the economy's output in goods and services — marked a return to growth after consecutive drops in the January-March and April-June periods.

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