U.S. Economy Slowed in Third Quarter on Delta Surge, Supply Crunch


stock market crash bear economy worthy ministries 2(Worthy News) – The U.S. economy grew at the slowest pace of the recovery in the third quarter, but economists expect strong consumer demand and an easing pandemic to boost growth in the coming months despite lingering supply constraints.

Gross domestic product grew at a seasonally adjusted annual rate of 2.0% from July to September, the Commerce Department said Thursday, marking the weakest quarter of growth since the recovery began in mid-2020.

Growth was hit by two big factors: a surge in virus cases due to the highly contagious Delta variant of Covid-19 and deepening supply bottlenecks affecting goods from autos to food. Dynamics that helped GDP grow at a historically fast rate in the first half of this year—government stimulus, widespread business reopenings and rising vaccination rates—also faded. [ Source: Wall Street Journal (Read More…) ]

14
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Latest Worthy News

New York Jews Reeling After Synagogue Attack, Hate Crime Charges
Iran Quietly Prepared for Wider War While Pursuing Talks With Washington
Trump Cuts US-South Korea Drills, Citing Good Ties With North Korea’s Leader Despite Christian Persecution (Worthy News In-Depth)
Indonesia Quake Toll Rises To 53 As Christians Pray, Rescuers Search Rubble
Pentagon Schools Adding Christianity-Focused Western Civilization Course (Worthy News In-Depth)
Dutch PM Under Pressure After Deadly Farmer Protest, Nazi Comparison Row (Worthy News In-Depth)
North Korea’s Kim Deepens Russia Ties While Rejecting South Korean Overtures (Worthy News In-Depth)
Ukraine War Escalates As Massive Drone Barrage Hits Russia; NATO Jet Downs Drone Over Romania (Worthy News Focus)
Belgium Struggles With Largest Wildfire Amid Deadly Blazes In Europe
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Books by George Whitten

Identity in Messiah Revealed cover

Identity in Messiah Revealed https://identityinmessiah.com

A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.

Buy on Amazon
The Biblical Fall Feasts Revealed cover

The Biblical Fall Feasts Revealed https://biblicalfallfeasts.com

An in-depth look at the Biblical fall feasts and their prophetic significance for believers today.

Buy on Amazon

As an Amazon Associate I earn from qualifying purchases.

Worthy Christian News