Return to stable footing: The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses, The Washington Post reported. Growth slowed slightly in the last three months of 2023 — to an annual rate of 3.3 percent, down from a sweltering 4.9 percent in the previous quarter, the Bureau of Economic Analysis said. The latest figures show the economy has returned to stable footing following a period of dramatic pandemic-fueled swings that marked 2020 through early 2022. “We are coming down to more sustainable levels, both in the economy and in the job market,” said Satyam Panday, chief U.S. economist at S&P Global Ratings. “We expect a controlled, steady slowdown, not a recession.”