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Many experts feared a recession. Instead, the economy has continued to soar

A person carries shopping bags at a shopping center on the day after Christmas on Dec. 26, 2023 in Glendale, Calif. Strong consumer spending helped drive better-than-expected economic growth in the final months of 2023.

The U.S. economy continues to defy expectations.

The nation's gross domestic product — the broadest measure of economic activity — grew at an annual pace of 3.3% in October, November, and December, according to a report Thursday from the Commerce Department.

That was substantially faster than forecasters had expected.

It was a fitting end to a year of robust economic growth, defying projections that rising interest rates

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