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GDP grew at a 2.3% pace in 4th quarter, less than expected
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.
Consumer spending was — once again — key to GDP growth last quarter
Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose 4.2%.
U.S. growth slowed at end of 2024, GDP shows
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. economic growth slowed to 2.3 percent in late 2024
The U.S. economy expanded throughout 2024, but growth slowed in the last three months of the year, as businesses pulled back on investments and exported fewer goods overseas. Fresh government data this morning from the Bureau of Economic Analysis shows that the economy expanded at an annual rate of 2.
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.
19h
Government Spending Distorts GDP
Government Expenditure & Investment has grown 4.08% annually since July 2022 while the underlying economy has grown at a 2.78 ...
Marketplace
1d
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 ...
11h
on MSN
Canada's GDP contracts by 0.2% in November, likely rebounded following month
Canada's economy contracted more than expected in November as activity across a majority of sectors shrank due to work ...
23h
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 ...
1d
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 ...
1d
EU members of NATO ready to raise defence spending beyond 2% of GDP, Costa says
The 23 EU members who also belong to NATO are likely to agree to raise the defence spending target above the current 2% of ...
1d
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 ...
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16m
Budget, Economic Survey Highlights: Stable GDP growth, FDI revival, deregulation call, among key tenets of Eco Survey
The Economic Survey, tabled by Finance Minister Nirmala Sitharaman, expects inflation to remain under control and consumption ...
1d
on MSN
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 ...
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