US Economy Did Better Than Expected in the Fourth Quarter, but Current GDP Estimates Crash
By Tom Ozimek U.S. economic growth for the fourth quarter of 2023 has been revised upward, to 3.4 percent from 3.2 percent in the government’s third—and final—update of gross domestic product (GDP) figures, although real-time GDP estimates for the first quarter of 2024 have fallen sharply, undercutting hopes for an economic “soft landing.” The economy expanded by 3.4…
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