Economy grew faster than expected in 4th quarter, according to latest GDP report

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The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.

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29 COMMENTS

  1. Inflation at 1.7% way better than predicted. Consumer spending up nearly 3%. Unemployment at historically record low level. Wages up highest in over 40 years. Predicted growth for next year at 3.1%. A Juagernaught economy. Well done President Biden.

  2. Is this why corporate America is laying off by the thousands? Wayfair just announced another 1200+ layoffs. Second time in less than 2 years. Trump 2024.

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