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- Real GDP grew at an annualized rate of 3.3% in the fourth quarter.
- That's above the forecast of 2.0%.
- After real GDP surged 4.9% in the third quarter, the latest point suggests still strong growth.
The US economy was still growing at a robust pace in the last quarter of 2023 but slowed down from earlier in the year, based on new real gross domestic product data released Thursday morning.
Real GDP rose at an annualized rate of 3.3% per the news release from the Bureau of Economic Analysis. That advance estimate is below the third estimate for the third quarter, which was an annualized rate of 4.9%. The latest figure was also above the forecast of 2.0%.