Home Economy U.S. Economy Slowed in Third Quarter on Delta Surge, Supply Crunch

U.S. Economy Slowed in Third Quarter on Delta Surge, Supply Crunch

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The U.S. economy grew at the slowest pace of the recovery in the third quarter, but economists expect strong consumer demand and an easing pandemic to boost growth in the coming months despite lingering supply constraints.

Gross domestic product grew at a seasonally adjusted annual rate of 2.0% from July to September, the Commerce Department said Thursday, marking the weakest quarter of growth since the recovery began in mid-2020.

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