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 annualized GDP growth rate reported in the third quarter?

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How did personal consumption compare to the survey expectations?

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What does the durable goods orders data indicate about the economy?

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What impact did the GM strike have on the economy according to the discussion?

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What are the expectations for consumer behavior during the holiday season?

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