2023 in Review: The U.S. economy

The world’s two largest economies, the U.S. and China, reported strong growth in 2023. In a rare instance of statistical parity, both reported 5.2% annual growth at the end of the third quarter, outperforming most advanced economies and well above overall the three percent global growth, projected by the International Monetary Fund. In the U.S., inflation looked under control. Having roared to a 40-year high during the pandemic, consumer prices continued their downward trend. #cgtnamerica Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.