The U.S. economy grew at blistering 3.3% pace in Q4

The Gross Domestic Product (GDP), a metric encompassing the total value of goods and services produced, exhibited a growth of 3.3% at an annualized rate during the fourth quarter of 2023, surpassing Wall Street’s anticipated 2% increase.

The overall U.S. economy in 2023 experienced a notable acceleration with a 2.5% annualized pace, surpassing initial Wall Street expectations, which foresaw minimal gains, and outperforming the 1.9% growth observed in 2022.

The expansion was propelled by robust consumer spending and government expenditures, CNBC has reported.

READ MORE: https://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html

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