The US economy has demonstrated robust growth, outstripping earlier forecasts. According to the latest data released by the Department of Commerce on Thursday, the Gross Domestic Product (GDP) surged by an annualized 3.4 percent in the fourth quarter, surpassing previous estimates. Initial figures had pegged the growth at 3.2 percent.

This surge in economic activity marks a continuation from the third quarter's impressive 4.9 percent growth rate, signaling sustained momentum thanks to the spending pump of the Biden administration. Notably, the expansion in the final quarter was broad-based, fueled by buoyant consumer spending and robust business investments.