US economy grows 3.4% in third quarter ahead of midterms
Gross domestic product expanded at a strong pace, though affordability concerns persist for many Americans.
At a glance
- GDP expanded at an annual rate of 3.4% in Q3
- This is the last major economic data before midterm elections
- Affordability remains a concern for many Americans despite growth
The US economy grew at an annual rate of 3.4% in the third quarter, according to the latest data released ahead of the midterm elections. This represents the final major economic indicator before voters head to the polls.
Despite the solid growth figure, many Americans continue to face challenges with the cost of living and affordability of goods and services.
Why it matters
Economic performance is typically a key factor influencing voter behaviour in midterm elections, though consumer sentiment on affordability may complicate the political impact of the strong growth figures.
Original reporting
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