[Link to the full article (2 min read)](https://www.marketwatch.com/story/third-quarter-gdp-growth-lowered-to-4-9-d93d0af8) The US economy grew at a revised 4.9% annual pace in Q3, down from the previous estimate of 5.2%. While still the largest increase in a decade, growth has cooled. Consumer spending, the main engine of the economy, was also revised down to a 3.1% annual clip. However, there’s still no sign of recession as the strong labor continues to fuel spending and has kept the economy growing. Expert forecasts currently suggest a mild 1-2% GDP in Q4 2023.
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by CompetitiveMission1