US economy grew at end of 2022, defying recession fears
Written by ABC AUDIO ALL RIGHTS RESERVED on January 26, 2023
(WASHINGTON) — The U.S. economy grew robustly at the end of last year, defying recession fears and weathering an aggressive series of interest rate hikes from the Federal Reserve, government data showed.
U.S. gross domestic product grew by a 2.9% annualized rate over the three months ending in December, according to data released Thursday. It marked a slowdown from 3.2% growth in the previous quarter.
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