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

  • 📰 CNN
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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%

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US business openings reach all-time high in 2022Even with a myriad of economic challenges facing business owners, new business openings notched an all-time high in 2022, according to a new report from Yelp. Yea but for how long will it remain open Pot stores probably Re-openings?
Source: FoxBusiness - 🏆 458. / 53 Read more »

Trading briefly halted for many New York Stock Exchange-listed stocks | CNN BusinessTrading for dozens of companies on the New York Stock Exchange was briefly halted Tuesday just after the market opened. They need to correct opening prices 2023 has had a really good start
Source: CNN - 🏆 4. / 95 Read more »

Amazon launches $5-a-month unlimited prescription plan | CNN BusinessAmazon is expanding its push into healthcare with a $5 monthly unlimited delivery pass on 60 common generic prescription drugs treating allergies, inflammation, high blood pressure and other conditions.
Source: CNN - 🏆 4. / 95 Read more »