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Second estimate of US growth confirms a 2.3% annual pace expansion in fourth quarter

The American economy grew at a 2.3 percent annual rate in the last quarter of 2024, according to the Commerce Department report.
Consumer spending increased by 4.2 percent from October to December, indicating strong holiday shopping, despite a decline in business investment due to equipment spending falling by 9 percent.
Inflationary pressures remain, with the personal consumption expenditures index rising to a 2.4 percent annual pace, surpassing the Federal Reserve's 2 percent target.
The Labor Department reported a rise in unemployment benefit claims to the highest level in three months, indicating potential economic challenges ahead.

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RTTNews

U.S. Q4 GDP Growth Unrevised At 2.3%

A report released by the Commerce Department on Thursday showed the U.S. economy grew in line with its preliminary estimate in the fourth quarter of 2024. The Commerce Department said gross domestic product jumped by 2.

4 days ago

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Fox Business

US economy grew 2.3% in fourth quarter

The U.S. economy grew at a rate of 2.3% in the fourth quarter, in line with the prior reading and economists' expectations.

4 days ago·United States

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Associated Press News

+7 Reposted by 7 other sources

Second estimate of US growth confirms a 2.3% annual pace expansion in fourth quarter

The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its

4 days ago·United States

Alert: US economy grew at 2.3% annual pace from October to December, 2.8% in 2024, unchanged from government’s initial estimate

US economy grew at 2.3% annual pace from October to December, 2.8% in 2024, unchanged from...

4 days ago·San Francisco, United States

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Transport Topics

US Economy Grew at 2.3% Annual Pace in Q4

The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said.

3 days ago

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El Economista

Economic growth in the United States slowed down in the fourth quarter

Economic growth in the United States slowed down in the fourth quarter, the government confirmed on Thursday, and the loss of momentum seems to have persisted at the beginning of this quarter in the midst of low temperatures and concerns that tariffs will harm spending through higher prices.The Gross Domestic Product increased at an annualized rate of 2.3% last quarter after accelerating at a rate of 3.1% in the period July-September, said the D…

4 days ago

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