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Even though higher borrowing costs and rising living costs slowed growth, the US economy did better than expected at the end of last year. According to official numbers, the US economy grew at an annual rate of 2.9% in the last three months of 2022. That was less than the 3.2% in the previous quarter because home sales and buildings fell. Even though the job market has been stable, some analysts are worried that the US economy is heading for a recession. The unemployment rate is close to a record low, but other parts of the economy are getting worse. Even though December is usually a big shopping month, retail sales dropped 1.1% from November to December. The economy has also hurt manufacturing, and the stock market dropped sharply last year. According to a report on Thursday, housing investment, which is affected by interest rates, fell at an annual rate of almost 27% in the three months leading up to December. This happened because fewer new homes were being built. But consumer spend...