Eco Week Ahead
US Fourth-Quarter GDP to Crown Vigorous Second Half
- Fed’s preferred inflation gauge may show waning price growth
- ECB, BOJ signals to draw scrutiny, Turkey may hike final time
A worker sorts packages at a fulfillment center in Elizabeth, New Jersey.
Photographer: Eilon Paz/BloombergThis article is for subscribers only.
A likely moderation of US economic growth in the fourth quarter ended an otherwise solid stretch of activity over the final six months of 2023, feeding expectations the expansion will remain intact.
Economists project the government’s initial reading of gross domestic product — the sum of goods and services produced — to show an annualized 2% increase, according to the median estimate in a Bloomberg survey. That would follow the 4.9% third-quarter advance and mark the strongest back-to-back quarters of growth since 2021.