{"id":53694,"date":"2021-10-29T00:30:30","date_gmt":"2021-10-28T20:30:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=53694"},"modified":"2021-10-29T00:30:34","modified_gmt":"2021-10-28T20:30:34","slug":"u-s-consumer-spending-slows-impacts-economic-growth","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-consumer-spending-slows-impacts-economic-growth\/10\/29\/market-updates\/","title":{"rendered":"U. S. consumer spending slows, impacts economic growth"},"content":{"rendered":"\n<p>U.S. economic growth decelerated in the third quarter of 2021, as consumer spending slowed amid a resurgence in new COVID-19 cases and as government assistance payments decreased.<br><br>Gross domestic product has grown at a 2% annual rate during the three months through September, the weakest of the recovery, according to an advance estimate released Thursday.<br><br>The Commerce Department announced the newest figures but a analysts surveyed by Refinitiv were expecting 2.7% growth. Second-quarter GDP was 6.7%.<br><br>The Delta wave of infections, the waning fiscal stimulus and shortages, particularly of motor vehicles, triggered a marked slowdown in consumption growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. economic growth decelerated in the third quarter of 2021, as consumer spending slowed amid a resurgence in new COVID-19 cases and as government assistance payments decreased.Gross domestic product has grown at a 2% annual rate during the three months through September, the weakest of the recovery, according to an advance estimate released Thursday.The Commerce &hellip;<\/p>\n","protected":false},"author":13,"featured_media":33315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,39,36],"tags":[7791,7172,7903,7808,6858],"class_list":["post-53694","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-global-stock-markets","category-market-updates","tag-commerce-department","tag-consumer-spending","tag-economic-growth","tag-economic-slowdown","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=53694"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53694\/revisions"}],"predecessor-version":[{"id":53699,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53694\/revisions\/53699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33315"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=53694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=53694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=53694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}