GDP Growth Closes Out 2024 at 2.3%, Slowing More Than Expected
Economists expect that real GDP grew about 2.3% in the period, below the third quarter’s growth rate, due to a trade deficit in goods.
U.S. GDP Growth Slowed In Q4 2024 To 2.3% Due To Falling Inventories
U.S. gross domestic product grew by 2,3% in Q4 2024 after expanding by 3.1% in Q3. Consumption was the lion's share of growth as investment fell on inventory declines.
The US economy ended 2024 with cooler growth than expected in the fourth quarter
US real gross domestic product increased at an annualized rate of 2.3% in the fourth quarter of this past year, less than the forecast of 2.7%. That economic growth was far below expectations and shows a much cooler economy than the second and third quarter of the year.
U.S. growth slowed at end of 2024, GDP shows, but economy looks good under the hood
The U.S. grew at a mild 2.3% annual pace in the final three months of 2024, but the details of the report showed an economy on strong footing as the Biden administration handed off to the Trump White House.
U.S. economic growth probably slowed at the end of last year
U.S. economic growth was strong in 2024, but GDP probably slowed toward the end of the year, as households and businesses braced for new tariffs.
US economic growth slows after sharp trade decline
Economic growth in the US slowed at the end of last year, as trade declined more sharply than expected and the country was hit by hurricanes and labour strikes. The economy expanded at an annual rate of 2.3% between October and December, down from 3.1% in the three months before, according to the US Commerce Department.
US economy resilient despite moderation in growth in fourth quarter
U.S. economic growth slowed in the fourth quarter as a strike at Boeing depressed business investment in equipment, but consumer spending increased at its fastest pace in nearly two years, underscoring strong domestic demand that probably keeps the Federal Reserve on a slow interest rate cut path this year.
These policies could 'dent' US economic growth in 2025
The Federal Reserve maintained steady interest rates in January amid slowing inflation progress and uncertainty surrounding ...
Despite tariff threat, Mexico maintains GDP growth target of up to 3% this year
Mexico maintains a target for gross domestic product growth of between 2% and 3% this year, the finance ministry said on ...
Marketplace1h
GDP shows spenders keep spending despite high interest rates
Economic growth was healthy in 2024, coming in at 2.8% compared to 2.9% in 2023. The continuing expansion is driven by ...
Europe’s economy showed zero growth at end of 2024 as Germany, eurozone’s biggest economy, struggled
Europe’s economy stagnated late last year as its former growth engine, Germany, finished a second straight year of shrinking ...
Business Times8m
Faced with almost stagnant economy, UK’s Reeves promises all-out effort to kickstart growth
LONDON] British Chancellor of the Exchequer Rachel Reeves had hopes that investments in key areas such as green ...
Nasdaq, S&P, Dow observe limited moves as Q4 GDP growth comes in weaker than expected
Wall Street's major averages notice limited moves on Thursday, as the Q4 GDP growth came in weaker than expected, while ...
The US economy just had another robust year
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.
U.S. economy grows solid 2.3% from October to December, 2.8% for full year 2024
The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department ...