US economy seen shining on election eve amid robust consumer spending
- Posted on October 30, 2024
- By Business News Today
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US economy seen shining on election eve amid robust consumer spending
The U.S. economy is expected to have grown at a solid pace in the third quarter due to lower inflation and strong wage gains. Consumer spending, business investment in technology, and government spending contributed to growth. Despite this, factors such as a high goods trade deficit and slowing labor market may influence future economic trends.