GDP within the third quarter raised to five.2% — however surge in development is fading

The numbers: The U.S. economic system grew at a zippy 5.2% annual tempo within the third quarter — sooner than beforehand reported — however the surprisingly robust acquire seems to have been a one-off.

Gross home product, the official scorecard for the economic system, was revised up from an initially reported 4.9% fee of development. It was the most important improve in a decade if the pandemic years of 2020-21 are excluded.

The…