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Quarter 4 2023 GDP Byte

Quarter 4 2023 GDP Byte

GDP Grows 3.3 Percent in Fourth Quarter as Productivity Surge Continues The Commerce Department reported that GDP grew at a 3.3 percent rate in the fourth quarter driven by continued strength in consumption.

By Dean Baker

PREVIEW: What to Look for In the Fourth Quarter 2023 GDP Report

PREVIEW: What to Look for In the Fourth Quarter 2023 GDP Report

The economy grew at an extraordinary 4.9 percent annual rate in the third quarter. The growth rate for the fourth quarter is likely to come in around 2.5 percent, putting growth for the year close to 3.0 percent, far above almost anyone’s forecasts.

By Dean Baker