The impact of the rise in cases of Covid-19 due to the Delta variant, and the end of most economic support programs adopted by the US authorities, are the reasons given for this slowdown in GDP.

After in the second quarter the economy grew at a pace of 6.7%, analysts were projecting growth of 2.4%.

Consumer spending, which is the main driver of the economy, grew by only 1.6% between July and September, when it had increased by 12% in the second quarter.

Inflation, on the other hand, slowed to 5.3% on an annual pace, after reaching 6.5% in the second quarter.

The Gross Domestic Product (GDP) of the world's largest economy, the United States of America (USA), slowed down, growing only at 2% when compared to the previous three months, according to the Commerce Department.

The impact of the rise in cases of Covid-19 due to the Delta variant, and the end of most economic support programs adopted by the US authorities, are the reasons given for this slowdown in GDP.

After in the second quarter the economy grew at a pace of 6.7%, analysts were projecting growth of 2.4%.

Consumer spending, which is the main driver of the economy, grew by only 1.6% between July and September, when it had increased by 12% in the second quarter.

Inflation, on the other hand, slowed to 5.3% on an annual pace, after reaching 6.5% in the second quarter.