Robust consumer spending, AI-related investment power US economy in third quarter

Korea Times News ·
Economy Markets United States
South Korea

WASHINGTON — The U.S. economy grew at its fastest pace in a year in the third quarter, shrugging off higher oil prices stemming from the conflict in the Middle East as consumers maintained robust spending and businesses doubled down on investment in AI. The better-than-expected increase in gross domestic product last quarter reported by the Commerce Department on Thursday was in stark contrast to…

Read original article on Korea Times News →

Related news