Angle down icon An icon in the shape of an angle pointing down. The US economy has been outpacing the growth of its G7 peers. Brendan Smialowski/Getty Images
- US recession calls are still on the table, but the economy is still outpacing other rich nations.
- US GDP grew at a surprise 3.3% rate in the fourth quarter, beating estimates for 2.0%.
- Outlooks for G7 nations show slower growth and higher inflation compared to the US.
Some Wall Street players still expect the US to tip into a recession this year, but the latest data illustrates not only that economic growth has yet to stall but also that the country is faring better than its wealthiest allies.
The Bureau of Economic Analysis said last week real GDP came in at a surprisingly high annualized rate of 3.3% in the fourth quarter, surpassing consensus expectations for 2.0%.
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