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US growth picks up in 2023 on jobs and consumer spending
US growth picks up in 2023 on jobs and consumer spending
Economy
by  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. At the start of 2023, analysts expected consumer spending to lose steam as households drew down on accumulated savings during the Covid-19 pandemic and as borrowing costs stayed high.