U.S. Economy Surges 4.3% in Third Quarter

Highest growth rate in two years shatters economist forecasts

U.S. Economy Surges 4.3% in Third Quarter

WASHINGTON DC — The U.S. economy expanded at a robust 4.3% annual rate in the third quarter, the Commerce Department reported Tuesday, marking the strongest growth in two years as consumers drove activity with increased spending on healthcare services and recreational vehicles. The gross domestic product growth accelerated from the previous quarter's 3.8% rate and exceeded economist forecasts of 3.2%, reflecting resilient consumer demand across multiple sectors of the economy.