The US economy grew at an annualised rate of 4.3 per cent in the third quarter, according to official data released on Tuesday that far surpassed economists’ expectations and was well ahead of previous quarters.
The rise in GDP, which received a boost from spending related to healthcare and artificial intelligence, compared with estimates of a 3.2 per cent rise among economists polled by Bloomberg.
The figure from the Bureau of Economic Analysis, which was delayed by the recent government shutdown, showed increases in consumer and government spending as well as exports, while business investment slowed and imports fell.
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