Economic Growth Exceeds Expectations in Q4 2023: Analysis and Insights from Industry Experts
The US economy experienced growth of 3.4 percent annualized in the fourth quarter of 2023, exceeding the previously estimated growth rate of 3.2 percent. This was mainly driven by upward revisions in consumer spending and nonresidential fixed investment. However, private inventory investment was revised downward, which slightly offset the overall growth.
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