US GDP Expands as Initial Jobless Claims Fall

The video discusses recent economic indicators, focusing on jobless claims, GDP figures, and the price index. It highlights a decrease in jobless claims and a better-than-expected GDP growth of 2.9%. The durable goods orders, particularly Boeing's performance, are analyzed. Contributions to GDP from consumer and business spending, government expenditure, and trade are examined. The video concludes with a review of GDP trends and forecasts for 2023, noting potential surprises in economic performance.

What trend was observed in business spending during the fourth quarter?

What are the forecasts for economic growth in 2023?