2023-10-26 17:56:00
U.S. Treasury Secretary Janet Yellen said on the 26th that the U.S. gross domestic product (GDP) data for the third quarter showed that the U.S. economy was in very good shape and was not heading into a recession. He acknowledged that there are signs of a “soft landing” that will curb inflation.
US GDP increases at an annual rate of 4.9%, the fastest growth since 2021 – Personal consumption gains momentum (3)
“It’s a strong number, showing that the economy is doing very well,” Yellen said at a Bloomberg event, referring to the July-September GDP figures. “I don’t expect growth to continue at this pace, but we’re seeing good, solid growth,” he said.
“It looks like a soft landing with very positive outcomes for the U.S. economy,” he said.
Original title:Yellen Says GDP Data Show US Economy Is ‘Doing Very Well’(excerpt)
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