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Economy expands at 2.9% rate last quarter
2 monthes ago - By Boston Herald
WASHINGTON- The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
Thursday's estimate from the Commerce Department showed that the nation's gross domestic product - the broadest gauge of economic output - decelerated last quarter from the 3.2% annual growth rate it had posted from July through September. Most economists think the economy will slow further in the current quarter and slide into at least a mild recession by midyear.
The economy got a...
Read more ...GDP Grew Annually At 2.9% In Q4, Despite Recession Fears
2 monthes ago - By Arizona Daily Star
The U.S. economy grew at an annual rate of 2.9% in the fourth quarter, slower than the last quarter but above estimates, despite recession concerns.
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