US economy likely slowed but still posted solid growth in Q4
Share
Tweet
January 25, 2023
WASHINGTON (AP) — The U.S. economy likely rolled out of 2022 with momentum, registering decent growth in the face of painful inflation, high interest rates and rising concern that a recession may be months away.
Economists have estimated that the gross domestic product — the broadest measure of economic output — grew at a 2.3% annual pace from October through December, according to a survey of forecasters by the data firm FactSet.
The Commerce Department will issue its first of three estimates of fourth-quarter GDP growth at 8:30 a.m. Eastern time Thursday.
Despite a likely second straight qua...
For access to this article please
sign in or
subscribe.
Reader Comments(0)