Economic Update: GDP Revised Down To 4.9% In Q3

OAN’s Alicia Summers
3:15 PM – Thursday, December 21, 2023

In the latest economic update, our GDP, encompassing all the goods and services we produce, increased by 4.9% in Q3 this year, revised down from the initial 5.2%.

Consumer spending decreased, leading to this revision.

Notably, food prices also experienced a 2.9% increase, as reported by the latest Consumer Price Index.

While personal income received a boost, it fell short of initial expectations. Of concern is the record-high credit card debt that has been accrued.

To delve deeper into these economic developments, David Stryzewski, CEO of Sound Planning Group joins OAN’s Alicia Summers.

What do YOU think? Click here to jump to the comments!

Sponsored Content Below

 

Share this post!