The end of last year was supposed to be an economic dud. It wasn’t. Instead, the American economy likely continued its rebound.
The first look at the fourth quarter gross domestic product is due on Thursday in the week ahead. As the quarter began, many economists predicted the economy would shrink as 2022 ended under the weight of high inflation, higher interest rates and general uncertainty about the months ahead.
Now, the economists expect the economy grew almost two percent, and the Federal Reserve Bank of Atlanta’s GDPNow estimate forecasts economic growth of 3.5 percent. That would mark the fastest economic expansion of the year.
