The U.S. economy rebounded in the third quarter after contracting for the first six months of this year, giving fuel to the view that the world’s largest economy may not be in a recession. However, mounting signs of economic weakness suggest it may well dive again into negative territory.
The economy expanded at a 2.6 percent annualized pace between July and September, according to government data released on Oct. 27. That’s slightly higher than a consensus forecast of 2.4 percent.
