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U.S. Economic Data Surprises to the Upside, Thanks to Private Investment

The latest GDP data for the US economy presented a positive surprise, as it increased by 2.4% instead of the expected 1.8%. This suggests that the economy is improving and may not face a recession, contrary to what some banks were predicting for 2023. The growth was mainly driven by consumer spending and private investment, particularly in the manufacturing sector. This is excellent news, as it shows that businesses are confident about the economy's future and are expanding their production capabilities accordingly.

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