U.S. GDP grows 2.5 pct in 2023 amid resilient consumer spending
WASHINGTON, Jan. 25 (Xinhua) -- The U.S. real gross domestic product (GDP) grew 2.5 percent in 2023, with the fourth quarter increasing at an annual rate of 3.3 percent, the Commerce Department's Bureau of Economic Analysis reported on Thursday.
In the fourth quarter, the increase in real GDP reflected a surge in consumer spending, exports, state and local government spending, nonresidential fixed investment, fe