Minneapolis
CNN
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The US economic system expanded once more in the course of the fourth quarter, registering strong progress to finish 2022 whilst shoppers and companies battled traditionally excessive inflation and rising rates of interest.
Gross home product — the broadest measure of financial exercise — elevated at an annualized charge of two.9% from October to December final 12 months, based on Commerce Department information launched Thursday. For 2022, GDP expanded 2.1%, the report confirmed.
“It seems that the zeitgeist is very negative these days on the economy, so I’m seeing people pick apart these numbers, and the numbers are good,” stated Robert Frick, chief economist at Navy Federal Credit Union. “We shouldn’t expect them to be fantastic, because the economy is slowing down … but they were still very positive.”
Last quarter’s 2.9% growth, whereas a step again from the three.2% annualized progress…
2023-01-26 12:32:55 The US economic system grew by 2.9% within the fourth quarter, greater than anticipated
Source from www.cnn.com