America’s economy expanded at an annualized pace of 2.1 percent in the third quarter, updated Commerce Department figures showed on Nov. 24, and while that’s faster than the earlier “advance” estimate of 2.0 percent, it missed analyst forecasts for a 2.2 percent pace of growth.
While Wednesday’s print came in below expectations and sharply lower than the 6.7 percent pace of growth in the second quarter, economists are generally predicting a solid rebound in the final quarter of the year, as long as rising inflation and a recent uptick in COVID-19 cases don’t dampen economic activity.
