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US GDP rebounds 2.6% in the third quarter
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US GDP rebounds 2.6% in the third quarter

The US economy rebounded in the third quarter after contracting for the first six months of this year, as a narrowing trade deficit concealed weakening consumer demand. Gross domestic product increased by 2.6 per cent on an annualised basis between July and September, surpassing economists’ expectations and marking a sharp reversal from the 0.6 per...

Premarket stocks: Don’t be fooled by a strong GDP report
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Premarket stocks: Don’t be fooled by a strong GDP report

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  Imminent recession is the topic du jour. From Goldman Sachs to the IMF,...

America’s GDP growth in the third quarter won’t dispel recession fears
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America’s GDP growth in the third quarter won’t dispel recession fears

After recording two consecutive quarters of negative growth, the Bureau of Economic Analysis (BEA) is expected to announce tomorrow (Oct. 27) the US economy expanded during the third quarter. Various analysts have been revising their GDP growth estimates, pointing towards a healthy rebound. Consumer spending has not dropped yet and employment numbers remain robust. Amid...

China GDP: Hong Kong stocks plunge 6% as fears about Xi’s third term trump data
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China GDP: Hong Kong stocks plunge 6% as fears about Xi’s third term trump data

Hong Kong CNN Business  —  Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. Foreign investors spooked by the outcome of the Communist Party’s leadership reshuffle dumped Chinese equities and the yuan...

China reports third-quarter GDP grew by 3.9%, beating expectations
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China reports third-quarter GDP grew by 3.9%, beating expectations

Shipping containers sit in stacks at the Zhangjiagang Port on October 21, 2022. Visual China Group | Getty Images BEIJING — China reported Monday that third-quarter gross domestic product grew by 3.9% from a year ago, beating expectations. The data was originally set for release on Oct. 18, but was delayed late on Oct. 17...