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HomeBusinessUS economy increased by 2.3% in fourth quarter

US economy increased by 2.3% in fourth quarter



The US economy increased at a rate of 2.3% in the fourth quarter, in line with pre -reading and expectations of economists.

The Bureau of Economic Analysis (BEA), the Commerce Department, released its first amendment of estimates for the fourth quarter GDP (GDP), which found that the US economy increased at an annual rate of 2.3% in the fourth quarter, which runs from October to December.

Economists surveyed by LSEG expected the economy to grow at a rate of 2.3% in this quarter. GDP’s initial estimate of BE also came to 2.3% in the quarter released last month, although economists expected an increase of 2.6% at that time.

This is a developing story. Please check back for updates.



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