Third-Quarter GDP Revised Down

December 21, 2018

Economic growth in the third quarter was a bit slower than initially thought. Gross domestic product increased by 3.4 percent, according to the commerce department’s third reading, down slightly from October’s reading of 3.5 percent.

In comparison, the GDP grew by 4.2 percent in the second quarter. Despite this downward revision, and expectations that fourth-quarter growth may be slower, growth is on track to be above 3 percent for the year.

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