US government data have shown that the country's gross domestic product grew at an annualized rate of 2.9 percent in real terms in the October-December period from the previous quarter.
This marks the second consecutive quarter of expansion.
The latest GDP figure released on Thursday indicates the robustness of the US economy amid continued interest rate hikes by the Federal Reserve.
This marks the second consecutive quarter of expansion.
The latest GDP figure released on Thursday indicates the robustness of the US economy amid continued interest rate hikes by the Federal Reserve.
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Summary
U.S. GDP expanded at a 2.9% annualized rate in Q4 20XX compared to the previous quarter, marking two consecutive quarters of growth. This robust economic expansion occurred amid continued Federal Reserve interest rate hikes.
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ID: f406bb45-f7f4-4a1b-b625-fdc1c94ba64c
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230127_01/
Date: Jan. 27, 2023
Created: 2023/01/27 07:25
Updated: 2025/12/09 08:16
Last Read: 2023/01/27 07:47