2023 Q4 US economy grew at a 3.4% annual rate, surpassing the previous estimate of 3.2%.

The US economy grew at a solid 3.4% annual rate in the last quarter of 2023, according to updated government figures. The growth surpassed the previous estimate, which had pegged the expansion at 3.2% for the same period. Despite the deceleration from the previous quarter's 4.9% growth, the economy's performance was still robust, driven by factors such as consumer spending, exports, and business investments. This marked the sixth consecutive quarter with growth exceeding 2%.