US recession calls are still on the table, but the economy is still outpacing other rich nations.
US GDP grew at a surprise 3.3% rate in the fourth quarter, beating estimates for 2.0%.
The trend has held steady over the last several years, with the US leading in economic growth since the pandemic.
Among countries that use the euro, the combined GDP grew at a 0.1% annualized rate in the third quarter of 2023.
US GDP growth reflected increases in consumer spending, state and local government spending, and exports, among other increases, according to the BEA.
Persons:
—, Russell Price, That's
Organizations:
Service, OECD, BEA, International Monetary Fund, Fed
Locations:
Canada, Italy, Japan, United Kingdom, France, Germany