While several major economies, such as Japan and the United Kingdom, are facing a potential recession, the United States continues to experience economic growth. The US economy grew for a sixth consecutive quarter in the last quarter of 2023, defying earlier predictions of an imminent recession. The resilience is attributed to the strong spending by US households, which constitutes a significant portion of the economy. Despite potential risks like inflation, the US job market remains robust, supporting the overall economic outlook. The IMF has highlighted the US economy’s greater-than-expected resilience as a key factor in its upgraded global growth forecast for 2024.
US Economy Maintains Growth Despite Recession Risks in Other Major Economies
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