The U.S. economy grew at a rate of 2.3% in the fourth quarter, in line with the prior reading and economists' expectations.

The Commerce Department's Bureau of Economic Analysis (BEA) released its first revision of the estimate for fourth quarter gross domestic product (GDP), which found the U.S. economy grew at an annual rate of 2.3% in the fourth quarter, which runs from October through December.

Economists surveyed by LSEG had expected the economy to grow at a 2.3% rate in the quarter. The BEA's preliminary estimate of GDP in the quarter that was released last month also came in at 2.3%, though economists expected 2.6% growth at the time.

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The Commerce Department's second estimate of fourth quarter GDP which showed the economy grew 2.3% at the end of last year, in line with expectations and the prior estimate.{ai:summary}The U.S. economy experienced a growth rate of 2.3% in the fourth quarter, consistent with previous estimates and economist forecasts. The Commerce Department's Bureau of Economic Analysis confirmed this figure, aligning with earlier predictions despite initial expectations of 2.6% growth.This report reflects ongoing economic trends and will be updated as more information becomes available. #economy

US economy grew 2.3% in fourth quarter

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