In a key economic report released just days before the presidential election, the U.S. economy continues to show resilience, driven by robust consumer spending and cooling inflation. According to the Commerce Department, the gross domestic product (GDP), adjusted for inflation, expanded at a 2.8 percent annual rate in the third quarter. This growth rate closely follows the 3 percent growth seen in the second quarter, highlighting the steady recovery from the pandemic recession.

Joe Brusuelas, chief economist at RSM, stated, “The economy right now is firing on nearly all cylinders.”

Join the conversation on how this economic growth impacts real estate development and investment strategies!

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