InvestorQ : Is it true that the US economy has shown positive growth in the September quarter?
Riya Dwivedi made post

Is it true that the US economy has shown positive growth in the September quarter?

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shrinidhi Rajan answered.
1 month ago
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There was finally some good news for the US economy and also the world economy when the US BEA announced that the US economy had expanded by +2.6% in the September 2022 quarter. This is a relief after contracting -1.6% in March 2022 quarter and another -0.6% in June 2022 quarter. GDP thrust was triggered by a sharp fall in the trade deficit as exports held up but imports fell on weak demand. In terms of rates trajectory, the positive signal is that PCE inflation is tapering in line with rising rates. At the same time, the worry is that consumption and housing investments are under stress in Q3.
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