Q3 GDP: Economic Activity Slowed, With Delta Variant Prompting Concerns

While the U.S. economy has shown signs of recovery, the latest reports show the third quarter experienced the slowest expansion in over a year, with consumer spending taking a hit. On Wednesday, the Bureau of Economic Analysis released its first estimate of Q3 gross domestic product (GDP), with growth at 2% quarter-over-quarter, annualized, compared to the 2.6% initially expected.

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