Recession has struck some of the world’s top economies. The US keeps defying expectations

By STAN CHOE and CHRISTOPHER RUGABER
AP Business Writers

NEW YORK (AP) — Both Japan and the United Kingdom said Thursday their economies weakened during the final three months of 2023. For each, it was the second straight quarter that’s happened, which fits one lay definition for a recession. Yet in the United States, the economy motored ahead in last year’s three months for a sixth straight quarter of growth. It’s blown past many predictions coming into last year that a recession seemed inevitable because of high interest rates meant to slow the economy and inflation. Give much of the credit to U.S. households, who have continued to spend at a solid rate despite many challenges.