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International Business Times
International Business Times
World
Beiyi SEOW

EXPLAINED: Us growth picks up in 2023 on jobs and consumer spending - The Real Truth

The US economy beat expectations with 3.3 percent growth in the fourth quarter, boosted by a resilient jobs market and consumption, government data showed (Credit: AFP)

US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering a boost to President Joe Biden as he starts his reelection campaign.

The world's biggest economy expanded at an annual rate of 3.3 percent in the fourth quarter, fueled by a resilient jobs market and consumer spending, the Commerce Department said.

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