Forecasters have raised their estimates of how much the economy grew in the third quarter, but challenges could lie ahead
Economists surveyed by The Wall Street Journal estimate gross domestic product grew at a seasonally- and inflation-adjusted 4.7% annual rate in the third quarter—more than double the second quarter’s 2.1% pace., labor strikes and the possibility of a partial U.S. government shutdown are factors that could cause economic cracks to emerge.
The Commerce Department is set to release its initial estimate of third-quarter gross domestic product at 8:30 a.m. Eastern time Thursday.Growth readings are much stronger than economists were anticipating just a few months ago. In April, economists expected the economy would contract slightly over the summer months. By July, they estimated the economy would grow marginally during the third quarter.This copy is for your personal, non-commercial use only.
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