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CoStar Economy: Slowing Economy Brings the Third Quarter to a Close

Source: CoStar

Labor shortages, supply-chain disruptions, severe weather conditions and a rise in COVID cases during the summer each weighed on economic output recently. The economy grew by 2.0% annualized in the third quarter of 2021, according to the advance estimate released by the Bureau of Economic Analysis last week — a pandemic-era low and sharply slower than economist expectations from earlier in the year.

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