US economy grew less than expected as shock new figures are revealed days before election

New Photo - US economy grew less than expected as shock new figures are revealed days before election

US economy grew less than expected as shock new figures are revealed days before election


The US economy undershot expectations in the third quarter of this year, weighing on inflation-weary voters less than a week before the presidential election. Gross domestic product (GDP), which is a measure of all the goods and services produced in the three months between July and September, expanded at an annual rate of 2.8 percent. That is down from a 3 percent pace in the second quarter, according to data released Wednesday by the Department of Commerce.
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