The U.S. economy is expected to avoid recession next year as consumers are not reluctant to spend money | Anue Juheng – US Stock Radar
Amid high interest rates and high inflation, American consumers continue to spend. Consumer spending accounts for about 70% of U.S. GDP. The consumption boom during the COVID-19 epidemic has allowed the U.S. economy to maintain surprisingly strong growth momentum. According to preliminary estimates, U.S. real GDP grew by nearly 5% in the third quarter, the … Read more