U.S. economy grew 2.3% in fourth quarter, below expectations
U.S. real Gross Domestic Product increased 2.3% at an annual rate in the fourth quarter of 2024, according to a Thursday report from the Bureau of Economic Analysis. Third quarter GDP was 3.1%.
GDP grew at a 2.3% pace in the fourth quarter, less than expected
U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday.
U.S. GDP Grew 2.5% in 2024, but Slowed Slightly in Final Quarter
Consumer spending fueled growth, despite ongoing fears about inflation.
The US economy ended 2024 with cooler growth than expected in the fourth quarter
Real GDP growth in the fourth quarter was short of the expected 2.7% increase.
Strong consumption drives US GDP growth in fourth quarter
In the fourth quarter of 2024, US GDP grew at an annualised rate of 2.3 per cent, below consensus expectations . Growth was driven by strong consumer spending and
Record US goods trade deficit seen cutting into fourth-quarter GDP growth
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
GDP: US economy grows at slower-than-expected pace in fourth quarter
The latest reading on US economic growth and inflation comes as investors debate when, or if, the Federal Reserve will resume cutting interest rates in 2025.
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