The American economy is growing much faster than other advanced economies, according to recent data. During the third quarter of 2023, the gross domestic product (GDP) of the United States soared by an impressive 4.9% annualized rate. By comparison, the 20 Eurozone countries only had a collective annualized GDP growth rate of 0.1 percent, while the British economy increased GDP at an annualized rate of just 0.2 percent and Japan’s GDP actually decreased by 2.1 percent. The US economy also ended the fourth quarter of 2023 with a robust annualized GDP growth rate of 3.3 percent. One of the key reasons that the US economy is enjoying such robust growth is because of sustained spending by American consumers. To read more, click here!