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.
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 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.
U.S. GDP Grew 2.5% in 2024, but Slowed Slightly in Final Quarter
Consumer spending fueled growth, despite ongoing fears about inflation.
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
Import surge seen curbing US economic growth in fourth quarter
U.S. economic growth likely slowed in the fourth quarter as imports surged and a strike at Boeing hurt spending on aircraft, though strong domestic demand will probably keep the Federal Reserve on a shallow interest rate cut path this year.
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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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 ...
GDP Prints At Just 2.3%; 40 Bps Below Expectations
GDP growth for Q4 2024 was 2.3%, below the 2.7% consensus estimate and our forecast range of 2.75% (+/-25 bps). Read more on ...
Why did GDP drop below 3%? Blame this.
The economy in the final three months of 2024 failed to match the 3% growth rate of the prior two quarters, but not because the U.S. is feeling lots of stress. So what happened? The production of ...
GDP Report: Take a Look at Recent Growth Drivers
After this morning's first look at U.S. growth in October through December, here's a visual breakdown of what has boosted ...
EU Members of NATO Ready to Raise Defence Spending Beyond 2% of GDP, Costa Says
LISBON (Reuters) - The 23 EU members who also belong to NATO are likely to agree to raise the defence spending target above ...
GDP vs GVA: What they mean for your life and wallet
GDP and GVA may seem like just numbers, but they connect deeply to your job, income, and financial planning. By understanding ...
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 ...
Fed's wait-and-see approach likely won't be shaken by new GDP and inflation numbers
A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.