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Business•JAN 25, 2024

U.S. Economy Exceeds Expectations With 3.3% GDP Growth in Q4 2023, Inflation Slows

The U.S. economy demonstrated stronger-than-expected growth in the final quarter of 2023, with Gross Domestic Product (GDP) expanding at an annualized rate of 3.3%, surpassing economists’ predictions of 2%. The report, released by the U.S. Department of Commerce on January 25, 2024, also highlighted a notable slowdown in inflation, which eased to 1.7% from the previous quarter’s 2.6%.

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