The US economy has shown positive growth in the fourth quarter of 2023, with an annualized rate of 3.4%, surpassing the previously estimated 3.2%. This growth was primarily driven by higher consumer spending and investment estimates.
According to a report from the US Commerce Department, consumer spending and non-residential fixed investment were the main contributors to the economic growth. However, this progress was partly offset by a downward revision in private inventory investment.
The US economy grew at a rate of 2.5% throughout the year 2023, which is an improvement from the 1.9% growth seen in 2022. As per a forecasting model released by the Federal Reserve Bank of Atlanta, the economy is projected to grow at a slower but still respectable rate of 2.1% in the current January-March quarter.
Despite initial concerns of a recession, the US economy has defied expectations, leading to optimism that it may be heading towards a “soft landing” where inflation decreases without causing a harmful recession. The outlook for the economy remains promising as it continues to show signs of stability and growth.
The Eastern Conference matchup between New York City FC (4-5-2) and Toronto FC (6-4-1) is…
New figures released on Friday show that the British economy has ended its “technical recession”…
NaaS Technology Inc. (NAAS) recently announced an update regarding their financial performance for the first…
On Saturday at 8:30 p.m. EDT, the highly anticipated matchup between Austin FC and FC…
The upcoming game between DC United and Atlanta United FC promises to be an exciting…
The LA Galaxy (5-2-4, third in the Western Conference) will face off against Real Salt…