U.S. 3Q GDP Grew at 2.1% Pace, Revised Up From 1.9%

The video discusses the latest economic data, highlighting a slight improvement in GDP and personal consumption figures. Durable goods orders show a significant increase, contributing positively to economic forecasts. The end of the GM strike is noted as a positive factor for the economy, with expectations of a rebound in the industrial sector. Despite fewer shopping days, consumer confidence remains high, suggesting a potentially strong holiday season.

What was the GDP growth rate for the third quarter, and how did it compare to expectations?

• 2.5%, much better than expected

• 1.9%, as expected

• 2.1%, slightly better than expected

• 1.5%, below expectations

What is the significance of the durable goods orders in the economic data?

• They decreased, indicating a recession

• They remained unchanged, showing stability

• They showed a decline, indicating economic slowdown

• They increased, indicating economic improvement

How did the end of the GM strike affect the US economy?

• It caused a rebound in economic activities

• It resulted in a permanent loss in the auto sector

• It led to a decline in economic activities

• It had no significant impact

How did the initial jobless claims compare to expectations?

• Higher than expected

• Lower than expected

• Exactly as expected

• Not mentioned in the transcript

What is the outlook for the holiday season according to the transcript?

• A weak holiday season due to low consumer confidence

• A strong holiday season due to high consumer confidence

• A mixed holiday season with no clear trend

• A poor holiday season due to a weak job market