US economy grew strongly in third quarter, GDP report says

GDP rose at an annualized rate of 4.3% over the third quarter, far higher than expected

The US economy surged over the summer, the commerce department announced on Tuesday in one of the final snapshots of the nation's finances to be released in 2025.

Gross domestic product (GDP) - a broad measure of the value of goods and services - rose at an annualized rate of 4.3% over the third quarter, far higher than expected and its fastest rate in two years.