Real GDP expanded by 2.9% quarter-on-quarter (q/q, annualized) in the fourth quarter of 2022. The reading came in above the consensus forecast of 2.6%. For the year, the U.S. economy expanded by 2.1% – a pace of growth slightly above trend (~1.8%) – though a marked deceleration from 2021’s 5.9%. Consumer spending grew by 2.1% […]
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