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.
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 Grew 2.5% in 2024, but Slowed Slightly in Final Quarter
The year-over-year GDP growth reflects the fourth-quarter change from a year earlier. Economists surveyed by The Wall Street Journal and the Federal Reserve use that metric for forecasts. The Fed expects the economy to grow 2.1% this year and 1.8% in the longer run.
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
Record US goods trade deficit seen cutting into fourth-quarter GDP growth
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
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.
Gross Domestic Product (GDP): Measuring the nation’s economic health
Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, ...
US Economy Ends 2024 With 2.3% GDP Growth on Consumer Resilience
The US economy expanded at a solid pace at the end of 2024, fueled by a generous tailwind from consumer spending that more ...
Decoded: Real vs nominal GDP - Key differences and which is more reliable
These two metrics, while similar on the surface, provide different perspectives on economic health and growth trends ...
VOA Mandarin: Experts cast doubt on China's 5% GDP increase in 2024
China reported 5% GDP growth in 2024, meeting its target. Analysts linked the growth to late-2023 stimulus measures and Q4 ...
Newsable Asianet News on MSN14h
India: Union Budget to focus on consolidating fiscal deficit at 4.5% of GDP in FY26
At 4.5 per cent of GDP, the fiscal deficit target for FY26 is considered a key step toward returning to a more sustainable ...
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NBS: GDP, CPI Rebasing Will Reflect Current Economic Reality, Boost Policymaking
The SGF said the rebasing was the responsibility of NBS as the country’s official producer of data. He pointed out that ...
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Japan’s per capita GDP ranks 22nd in OECD, behind South Korea
However, the depreciation of the yen outweighed this growth, resulting in a decline in Japan’s nominal GDP when measured in U.S. dollars. Luxembourg ranked first in per capita GDP in 2023 at $ ...
Romania Insider11d
Romania’s GDP per capita at PPP up 4pp y/y to 78% of EU average in 2023
Romania’s gross domestic product (GDP) per capita, adjusted for purchasing power parity (PPP), reached 78% of the European ...
US economy ends 2024 with 2.3pc GDP growth on consumer resilience
Consumer spending, which comprises the largest share of economic activity, surged in the December quarter, led by a pickup in motor vehicle sales.