Marketplace · Friday, October 30, 2026
Greg Ip breaks down the latest U.S. GDP report, noting a strong 3.4% annual growth rate for the quarter, with demand measures growing around 5%. However, he points out that growth is largely driven by AI and corporate profits rather than widespread gains for ordinary workers.
“great quarter for the economy, 3.4% annual rate, best in a year. If you actually look under the hood, there are some measures of demand growing around 5%, best in three or four years.”