As the U.S. gross domestic product (GDP) increased by 2.9% in the last three months of 2022, Nathan Goldman, associate professor of accounting, notes the positive impact on Triangle-based businesses, at least for now.
“When we see 2.9% GDP, I think that’s a good, positive signal that we’re starting to weather this storm, we’re starting to get towards a new normal in our economy. However, the Federal Reserve is likely going to change their interest rate hikes based on those inflationary numbers,” said Goldman.
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