Jeffry Bartash of MarketWatch is reporting that the economy has slowed toward year’s end. He writes:
The numbers: The U.S. economy expanded at a revised 4.9% annual pace in the third quarter, a surprising burst of growth that appears to have tapered off at year’s end.
Growth of gross domestic product, the official scorecard for the economy, was reduced from a previously reported 5.2% in the government’s third estimate. It was still the biggest increase in GDP in a decade, however, excluding the pandemic years of 2020-21.
Yet while the economy is still growing, it’s cooled off quite a bit. GDP is forecast to increase by a mild 1% to 2% in the final three months of 2023. […]
Read more here.
