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Prime Content | 
US' GDP growth leaps to 4.9% in Q3 2023

27 Oct '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The US economy grew significantly in Q3 2023, with a 4.9 per cent increase in real GDP, up from 2.1 per cent in Q2.
  • Factors like consumer spending, government expenditures, and private investment drove the growth.
  • However, the country's personal savings and real disposable income declined.
  • The personal saving rate dropped to 3.8 per cent.
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