Investing
Does This GDP Report Mean We Avoided a Recession?
The US economy expanded in the third quarter. That’s both good news and bad news.
This article is for subscribers only.
Are we heading for a recession or did we just avoid one?
That’s the question everyone’s asking after gross domestic product rose at a 2.6% annualized rate in the third quarter, according to a preliminary estimate Thursday from the Commerce Department. The uptick follows two consecutive quarters of contractions, which some consider a recession.