Salem Radio Network News Monday, March 27, 2023


US economy slowed but still grew at 2.9% rate last quarter


( ) -q-27- UNDATED (Correspondent Jeremy House) “recession by mid-year.”
The U.S. economy expanded at a 2.9% annual pace from October through December.

[CutID: <Cuts> ECONOMY-GDP-house-q-THUam.mp3
Time: 27s
Title: ECONOMY-GDP-house-q-THUam
Out-cue: recession by mid-year]

TAG: Correspondent Jeremy House reporting. The housing market, which is especially vulnerable to higher loan rates, has already been badly bruised.

VERBATIM: The economy ended 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession. The Commerce Department estimate showed that the nation’s gross domestic product decelerated last quarter from the 3.2% annual growth rate it had posted from July through September. Most economists think the economy will slow further in the current quarter and slide into at least a mild recession by midyear.

Editorial Cartoons

View More »

Michael Ramirez
Mon, Mar 20, 2023