- A report out this morning on economic growth. Chief Business Correspondent Rebecca Jarvis is on Wall Street with what this means for your money. Good morning, Rebecca. - Good morning, George. And think of this as a report card on the health of our economy, and it is a passing, solid grade. The economy grew in the final quarter of last year by 2.9%. That means, it's cooling down from earlier, but it's still up, and one of the biggest reasons for that is the American consumer. We continue to drive growth in this economy. Our spending accounts for about 70% of economic activity, and despite inflation, we continue to spend. And economists are seeing some signs, however, of a breakdown, especially when they look at areas, like, housing. It is the most apparent there that it's a booming market, it was bombing earlier this year, and now, given interest rate hikes and where mortgage rates are, that market has really slowed down, and is projected to continue slowing because interest rates are forecast to continue climbing. George. GEORGE STEPHANOPOULOS: And Rebecca, this will also be examined for signs of a possible recession. - Well, George, where economists agree is that we will see a slowdown this year. Where they diverge is whether or not, it amounts to a recession, and some believe we could see rolling recessions. In other words, specific industries that feel pain, whereas the full economy doesn't hit recession, and we're already starting to see that, as I mentioned, in housing, in manufacturing, and in tech, where IBM just announced overnight, layoffs, but keep in mind, the jobs market right now, we still see unemployment near historic lows, George. - [INAUDIBLE] Rebecca, thanks very much.