US economy slowed but still grew at 2.9% rate last quarter | Idaho Business Review

January 27, 2023January 27, 2023 by Matt

By: The Associated Press January 27, 2023

The U.S. economy broadened at a 2.9% yearly rate from October through December, ending 2022 with momentum in spite of the pressure of high rate of interest and extensive worries of a looming economic downturn. Thursday’s quote from the Commerce Department revealed that the country’s gdp– the broadest gauge of financial output– slowed down last quarter from …

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