U.S. Economy Shows Resilience, Grows 2.7% in 2023 Despite High Inflation
• U.S. economy likely grew 2.7% in 2023, shaking off recession fears ahead of election year • Growth driven by resilient consumer spending despite high inflation • Infrastructure investments and clean energy projects created jobs and private investments • U.S. outlook better than struggling economies abroad like Europe, China • Consumers feeling some impact from inflation but confidence picked up in Nov/Dec