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Recession? U S economy grew 2 5% in 2023, defying downturn expectations

The U.S. economy showed growth in every quarter of 2023 and ended the year on an upswing. Consumer spending and the labor market remained robust. The economy grew 2.5% despite inflation, high housing costs and elevated interest rates.

Did the U S economy grow or shrink in 2023?

The U.S. economy showed growth in every quarter of 2023 and ended the year on an upswing. Consumer spending and the labor market remained robust. The economy grew 2.5% despite inflation, high housing costs and elevated interest rates.

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