The real U.S. GDP grew by 4.9 percent in the third quarter of 2023 as part of the country's continuing recovery from the economic effects of the coronavirus (COVID-19) pandemic. This growth was sluggish in the first and second quarters, but showed encouraging signs in the second half of 2022. This has been linked to a slowdown in company spending despite robust consumer spending due to high borrowing costs.

How the GDP is determined The gross domestic product, or GDP, is essentially a tally of all the goods and services generated in a nation over a specific time period. It is computed by first totaling the expenditures made by the government, the consumer, investments, and exports of a nation; the nation's imports are then subtracted. This statistic's values are