The US economy experienced growth at a 3.4% annualized rate in the fourth quarter of 2023, exceeding the 3.2% estimates made a month earlier. This increase was primarily due to higher estimates of consumer spending and investment, as reported by the latest report from the US Commerce Department.

Throughout the year 2023, the US economy, which is the world’s largest, grew at a rate of 2.5%, reflecting an improvement from the 1.9% growth seen in 2022. Despite initial concerns of a recession, the US economy has defied expectations and shown signs of stability and growth.

Now, in the current January-March quarter, the economy is projected to be growing at a slower but still respectable rate of 2.1%, as per a forecasting model released by the Federal Reserve Bank of Atlanta. The upward revisions in consumer spending and non-residential fixed investment were the main factors contributing to this growth, while private inventory investment saw downward revisions.

The outlook for the US economy appears promising as it continues to show signs of stability and growth. As such, it is expected that inflation will decrease without causing a harmful recession – leading towards what is known as a “soft landing.” With this positive outlook in mind, investors can experience a range of benefits with just a click! From informative newsletters to real-time stock tracking, breaking news and more – all available at their fingertips through accessing valuable resources provided by various sources such as trading platforms or financial news websites.

Unlock these resources now by logging into your account and stay updated on economic developments that impact your investments!