U.S. GDP in Q4 2022 revised downward

WASHINGTON, March 30 (Xinhua) -- U.S. gross domestic product (GDP) in the fourth quarter of 2022 was revised downward in its final reading, according to data released Thursday by the Commerce Department.

U.S. GDP, which measures a broad basket of goods, climbed 2.6 percent in the final quarter of last year.

The department's first reading of the fourth quarter GDP was 2.9 percent, and in the second reading revised down to 2.7 percent.