The U.S. economy grew 2.5 percent in 2023 and closed the year with slower but surprisingly strong growth despite widespread fears of a recession. U.S. gross domestic product (GDP) grew at an annualized pace of 3.3 percent during the fourth quarter of 2023, according data released Thursday by the Bureau of Economic Analysis (BEA). Fourth-quarter growth far exceeded the projections of economists, who expected a 2 percent annualized quarterly gain, according to consensus estimates. The new data comes as President Biden and former President Trump dig in for a likely rematch in the November presidential election. Whether Biden or Trump wins could be heavily influenced by the state of
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