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The US economy grew by 2.9% in the fourth quarter, more than expected | CNN Business

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The US economy finished 2022 strong, topping forecasts to grow at an annual rate of 2.9% in the fourth quarter even as interest rates climbed

Gross domestic product — the broadest measure of economic activity — increased at an annualized rate of 2.9% from October to December last year, according to Commerce Department data released Thursday. That’s a slowdown since summer, when the economy saw growth of 3.

2% in the third quarter — but an improvement on the first half of the year, which showed two consecutive quarters of contraction. Economists were expecting fourth-quarter GDP to grow at an annualized adjusted rate of 2.6%. For 2022, GDP expanded 2.1%, according to the Commerce Department report. This story is developing and will be updated.

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Propaganda from American Pravda.

In other words according to CNN, the economy is GREAT even though the economy sucks 🤷🏻‍♂️

Those are depression numbers when you factor in the inflation

2% is not solid growth.

Nobody even believes the financial world. All on a house of cards

The calm before the storm ⛈️….

Average heating bill is up 75%

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