The U.S. economy grew 3.1% over the last year capped by a fourth quarter in which the economy grew at 3.3%, defying projections of a recession as a resilient labor market supported strong consumer spending.
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What recession? Growth ended up accelerating in 2023
"The 2023 figures stand in contrast to what economists expected a year ago, when they saw a recession as very likely and expected anemic 0.2% growth for the year."
