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%.
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 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 gross domestic product in recent quarters:
US GDP growth slows in Q4, but economy still 'remains strong'
The US economy grew at a slower pace in the fourth quarter, with the US Bureau of Economic Analysis (BEA) reporting GDP (gross domestic product) to have risen by 2.3%. This was below original forecasts of 2.
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.
U.S. GDP Grew 2.5% in 2024, but Slowed Slightly in Final Quarter
Consumer spending fueled growth, despite ongoing fears about inflation.
Marketplace19h
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 ...
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 ...
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 ...
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 ...
Budget 2025 Live Updates: FM Nirmala Sitharaman to present Union Budget today; all eyes on income tax relief, GDP growth
Will Finance Minister Nirmala Sitharaman provide the much needed GDP growth boost in the Union Budget 2025? FM Nirmala Sith ...
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 ...
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 ...
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 ...