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U.S. Economy Grew at 3.3% Rate in Latest Quarter

Posted on AllSides January 25th, 2024
From The Left
ANALYSIS

The U.S. economy continued to grow at a healthy pace at the end of 2023, capping a year in which unemployment remained low, inflation cooled and a widely predicted recession never materialized.

Gross domestic product, adjusted for inflation, grew at a 3.3 percent annual rate in the fourth quarter, the Commerce Department said on Thursday. That was down from the 4.9 percent rate in the third quarter but easily topped forecasters’ expectations and showed the resilience of the recovery from the pandemic’s economic upheaval.

The latest reading is preliminary and may be...

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https://www.nytimes.com/2024/01/25/business/economy/economy-q4-gdp.html

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