The Anticipated Slowdown is Here:
In the final 3 months of the year, the economy expanded more briskly than expected. The N-GDP grew at the annual rate of 6.4% in Q4, registering a year-over-year increase of 7.3%. In real terms, it was up 2.9% during the last quarter of 2022, but only 1.0% y/y because the US economy was in a recession in the first half of the year.
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By Hubert Marleau
By Hubert Marleau