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The total monetary value of all finished goods and services produced within a country during a specific period.
It serves as the broadest scorecard of an economy's overall health and size. An annualized growth rate shows how much the economy would expand over a full year if it maintained that quarter's pace.
China's producer prices expanded at their quickest pace since mid-2022, but consumer inflation dropped to 0.7% amid soft domestic demand.
Third-quarter US GDP beat forecasts with 3.4% growth, while September inflation climbed to 3.6% alongside low jobless claims.