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Economic Pulse: Week of 1/26/24

The GDP up 3.3%.

On January 25th, the Bureau of Economic Analysis’s advanced estimate of the fourth quarter's growth is 4.8%, which, adjusted for inflation, gives us the real growth rate of 3.3%, well above expectations, This puts the 2023’s growth at an impressive 3.1%, marking the highest growth rate in the last 19 years, excluding the 20-21 gyration. All of this occurred despite numerous recession predictions throughout the previous year

Click here for the latest Lehigh Valley Economic Review.

Dr. Kamran Afshar is the host of the weekly WDIY feature Economic Pulse, and he currently serves on the Board of Directors for the Lehigh Valley Community Broadcasters Association as a Vice President.
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