The US closed out 2022 with its economy still growing despite recession fears

• US gross domestic product grew at an annualized rate of 2.9% in the fourth quarter of 2022.
• That follows the third quarter's growth of 3.2% and beats a forecast from economists.
• The US closed out 2022 with cooling inflation, economic uncertainty, and concerns about when a recession may happen. 

The US ended 2022 with a robust quarter of economic growth.

Data out Thursday from the Bureau of Economic Analysis shows that the economy saw a second consecutive quarter of growth. The US economy's gross domestic product grew at an annualized rate of 2.9% in the fourth quarter of 2022, according to the advance estimate. That's slightly above the forecast of 2.6% from economists surveyed by Bloomberg.