Surprising Economic Performance in America Causes Stir in Markets

The markets are reacting with shock and surprise to the news that America’s GDP reading was much higher than expected. In summary, strong economic performance in America has caused a stir in the markets.

GDP and Economic Growth

Gross Domestic Product (GDP) is a key indicator of economic growth. It measures the total value of goods and services produced in a country over a given period of time. GDP is used to gauge the health of an economy and as an indicator of its standard of living. A higher GDP generally indicates that people are earning more, which means they have more money to spend on goods and services. This leads to increased economic activity, which then increases GDP further.
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Picture source: Tommy Krombacher