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International Business Times
International Business Times
World
Beiyi SEOW

US Growth Picks Up In 2023 On Jobs And Consumer Spending

The US economy beat expectations with 3.3 percent growth in the fourth quarter, boosted by a resilient jobs market and consumption, government data showed (Credit: AFP)

US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering a boost to President Joe Biden as he starts his reelection campaign.

The world's biggest economy expanded at an annual rate of 3.3 percent in the fourth quarter, fueled by a resilient jobs market and consumer spending, the Commerce Department said.

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