541 01/31 Mild recession

[hailey]

The Commerce Department estimates that the nation's gross domestic product decelerated last quarter, growing at an annual pace of 2.9 % from October to December. That's slowing from 3.2% in the fall. For the year, GDP expanded slightly over 2%, much slower than blistering growth in 2021, with an economy recvering from the pandemic. The number were boosted by resilient spending by consumers, businesses, and the government. Most analysts think the econmy will slow further in the current quarter and slide into at least a mild recession by midyear, ad intended consequence of the Federal Reserve's aggressive series of interst hikes meant to crush the worst inflation in 4 decades. Jennifer King, Washington.

gross domestic product(GDP) 국내 총 생산

decelerate 둔화되다, 감소되다

blistering 맹렬한

mild recession 완만한 침체

aggressive series of interst hikes 공격적인 연이은 금리 인상

한줄요약: The Commerce Department estimates that the GDP grows at an annual pace of 2.9% from october to December, much slower than the growth in 2021.