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Economy Showing Strength in Early 2023 After Last Quarter’s GDP Gain Revised Modestly Lower
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The U.S. economy appears to be exhibiting strength early this year, after posting solid, but slightly weaker, growth at the end of 2022.
Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at a 2.7% annual rate in the fourth quarter, adjusted for seasonality and inflation, the Commerce Department said Thursday. That was down from a previous estimate of 2.9% growth, and slower than the third quarter’s 3.2% growth.
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