Economy

Consumer, Government Spending Expected to Support GDP in 3rd Quarter

The third quarter gross domestic product growth rate is expected to be one of the best in years.
Consumer, Government Spending Expected to Support GDP in 3rd Quarter
People walk along 5th Avenue in Manhattan, one of the nation's premier shopping streets, in New York City, on Feb. 15, 2023. Spencer Platt/Getty Images
Andrew Moran
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Third-quarter gross domestic product (GDP) numbers that are scheduled for release by the Bureau of Economic Analysis (BEA) on Oct. 26 might signal that the U.S. economy is on the cusp of achieving a soft landing or that the July-to-September period was the last quarter of strong growth.

Early estimates suggest that the U.S. economy expanded more than in the second quarter.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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