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%.
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.
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.
US economy grew at 2.3% rate in fourth quarter
The US economy grew at an annualised rate of 2.3 per cent in the fourth quarter, a weaker than expected end to a year dominated by the resilience of American consumers. Thursdays
Economy Grows Less Than Forecast in Fourth Quarter; Inflation Accelerates
The US economy grew at a slower-than-projected pace in the fourth quarter, while inflation sped up, according to an advance estimate released Thursday by the Bureau of Economic Analysis. Real gross domestic product in the world's largest economy rose at an annual rate of 2.
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.
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Consumer spending fueled growth, despite ongoing fears about inflation.
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Mexican economy posts contraction for 1st time in 3 years
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Statistics Canada reports economy contracted 0.2 per cent in November
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