US economic growth for last quarter is revised up to 3.4%

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Key Points

NEW DELHI: The US economy saw a solid growth of 3.4% instead of the initial estimate of 3.2 % in the last quarter of 2023, according to the latest government report...

Despite the deceleration from the previous quarter's 4.9% growth, the economy's performance was still robust, driven by factors such as..

This marked the sixth consecutive quarter with growth exceeding 2%...

For the entire year of 2023, the world's largest economy, expanded by 2.5%, an increase from the previous year's 1.9% growth...

Despite multiple interest rate hikes by the Federal Reserve in an effort to combat inflation, the economy continued to grow and add jobs consistently...