The U.S. economy is projected to have expanded at a 2.4% annualized rate in the first quarter of 2023, reflecting solid progress despite a slight slowdown from the fourth quarter’s 3.4% growth. The economy remains resilient, supported by a robust labor market and strong consumer spending, though cooling trends are emerging. Some indicators suggest GDP gains could exceed the consensus forecast, with estimates as high as 3.1% from Goldman Sachs.