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Economy expands at 2.9% annual rate in Q4

U.S. GDP rose 2.9% in the final quarter of 2022. It beat expectations, but fears of a recession still loom large among economists. Consumer spending weakened from the previous quarter but remained above expectations.

MSNBC anchor and economics correspondent Ali Velshi joins Here & Now‘s Jane Clayson to break down the latest numbers.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.