The U.S. economy unexpectedly grew by less than previously estimated in the third quarter of 2023, the Commerce Department revealed in a report released on Thursday.
The report said real gross domestic product jumped by 4.9 percent in the third quarter, reflecting a downward revision from the previously reported 5.2 percent surge. Economists had expected the pace of GDP growth to be unrevised.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.