Washington, December 22, 2022, SPA -- The U.S. economy rebounded faster than previously estimated in the July-September quarter, the U.S. government reported Thursday. In its third and final estimate of gross domestic product (GDP), the U.S. Commerce Department said the economy expanded at a 3.2 percent annual rate in the third quarter, up from the 2.9 percent growth pace reported last month. The economy contracted at a 0.6 percent rate in the April-June quarter. The upward revision to third-quarter GDP reflected upgrades to consumer spending, business investment, and state and local government spending. --SPA 21:22 LOCAL TIME 18:22 GMT 0035 www.spa.gov.sa/w1830227