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The U.S. economy is poised to slow in 2022 relative to 2021, but economic growth will continue at a pace that is well above average. Consumers have powered the economic recovery since mid-2020 and that will continue in the coming year. Consumer spending is expected to rise another 4% to 5% in 2022 and GDP is expected to grow by roughly 4.5%, according to a comprehensive year-ahead outlook report from CoBank’s Knowledge Exchange.
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