The U.S. GDP up in Q4 as economy grew at a 3.3%

The U.S. economy grew at a much faster pace than expected in the final three months of 2023.

The U.S. easily avoided a recession that many had forecast as inevitable, the U.S. Commerce Department reported Thursday 25th January 2024.

Gross domestic product (GDP), a measure of all the goods and services produced, increased at a 3.3% annualised rate in the final quarter of 2023, according to data from the Commerce Department.

Wall Street consensus was for a figure of 2%.

U.S. BEA Bureau of Economic Analysis

Bureau of Economic Analysis

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