US economic growth solid despite slight slowdown as election nears [Video]

The US economy saw resilient growth in the third quarter despite a modest slowdown according to government data Wednesday, less than a week before inflation-weary voters head into the presidential election.

The world’s biggest economy expanded at an annual rate of 2.8 percent in the July-September period, helped by consumption and government spending, although slowing from the second quarter’s 3.0 percent pace, the Department of Commerce said.

Despite spending more, American consumers have been downbeat about their job and financial prospects, with Democratic Vice President Kamala Harris still trailing Republican Donald Trump in opinion polls about the economy.

But sentiment could improve with consumer confidence this month logging the strongest monthly gain since March 2021, according to The Conference Board on Tuesday.

“Today’s GDP report shows how far we’ve come since I took office — from the worst economic crisis since the Great Depression to the strongest economy in the …