Headline: "U.S. GDP accelerated at 2.6% pace in Q3, better than expected as growth turns positive"
"The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing recession fears, the Bureau of Economic Analysis reported Thursday.
GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized pace for the period, according to the advance estimate. That was above against the Dow Jones forecast for 2.3%.
That reading follows consecutive negative quarters to start the year, meeting a commonly accepted definition of recession, though the National Bureau of Economic Research is generally considered the arbiter of downturns and expansions." (our emphasis)
Watch this story be buried by the majority of the Republican-wired Beltway media, who are invested in the "it's inflation, stupid" narrative that Trumpist Republicans are pushing on them.
