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WEKU
WEKU
Business
Scott Horsley

Many experts feared a recession. Instead, the economy has continued to soar

Economy Mark Zandi Recession Jay Bryson US Federal Reserve GDP Inflation Interest Rates
A person carries shopping bags at a shopping center on the day after Christmas on Dec. 26, 2023 in Glendale, Calif. Strong consumer spending helped drive better-than-expected economic growth in the final months of 2023. (Mario Tama/Getty Images)

The U.S. economy continues to defy expectations.

The nation's gross domestic product — the broadest measure of economic activity — grew at an annual pace of 3.3% in October, November, and December, according to a report Thursday from the Commerce Department.

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