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. GDP Grew 2.5% in 2024, but Slowed Slightly in Final Quarter
Consumer spending fueled growth, despite ongoing fears about inflation.
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.
U.S. Q4 Economic Growth Slows to 2.3%, Below Expectations
The U.S. economy grew at a 2.3% annualized pace in Q4 2024, slightly below expectations of 2.5%, according to the Commerce Department. GDP growth for the full year was 2.8%, down from 2.9% in 2023. Consumer spending remained robust,
US economy ends 2024 with 2.3% GDP growth, boosted by consumer
The US economy expanded at a solid pace at the end of 2024, fueled by a generous tailwind from consumer spending that more than offset drags from a strike at Boeing Co. and much leaner inventory investment.
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.
Trump tariffs could create a new challenge for Chinese policymakers: A GDP growth rate below 5%
The additional 10% tariffs will be levied on top of a variety of 10% to 25% existing tariffs that Trump had imposed on ...
Hong Kong Q4 GDP expands 2.4% y/y, slightly faster than forecast
Hong Kong's economy increased in the fourth quarter by 2.4% from a year earlier, official advance estimates showed on Monday, ...
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 ...
Marketplace3d
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 ...
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 ...
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 ...
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 ...
businessday19h
Top 10 African countries with the lowest GDP projections for 2025
Economic forecasts for 2025 indicate that several African economies will experience low GDP growth, reflecting ongoing ...
Global GDP Faces 50% Loss Without Climate Change Action, Study Finds
Dr. Jesse Abrams from the University of Exeter said we are “grossly underestimating risk due to climate change and ...
Nikkei Asia1h
Hong Kong Q4 GDP grew 2.4% on year, slightly faster than forecast
The expansion was marginally higher than the mean forecast of 2.3% year-on-year growth by eight economists in a Reuters poll. Hong Kong reported 1.9% economic growth in the third quarter, 3.1% growth ...
India’s FY26 GDP growth can be closer to 6.8% if external headwinds don't worsen, says DEA Secretary Ajay Seth
Referring to the nominal GDP growth projection of 10.1 percent for FY26, Seth said that the finance ministry has assumed a ...