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The Bureau of Economic Analysis's advance estimate of fourth quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.3% during the period, below the 2.6% growth ...
The overall news for the economy from Thursday's report appeared to be strong, another positive note to cap a 2023 that economic prognosticators had expected to end in recession.
The latest GDP report showed that a key gauge of consumer demand picked up in the second quarter to an annual rate of 2.9%, matching the rate in the fourth quarter of 2023 for the strongest pace ...
For the year, the US economy grew at an annualized rate of 2.5%, up from 1.9% in 2022. The GDP release highlights the resilience of the US consumer despite ongoing concerns of a slowdown.
“Today’s GDP report shows how far we’ve come since I took office—from the worst economic crisis since the Great Depression to the strongest economy in the world,” President Joe Biden ...
The US economy grew at a faster-than-expected pace in the second quarter. The Bureau of Economic Analysis's advance estimate of second quarter US gross domestic product (GDP) showed the economy ...