Real GDP growth in the fourth quarter of this past year was short of the expected 2.7% increase.
U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce
Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.
Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized pace in the fourth quarter. Economists surveyed by Dow Jones had been expecting an increase of 2.5%.
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the advance estimate released by the U.S. Bureau of Economic Analysis.
Just how strong is the U.S. economy? We'll get fresh insight this morning, with growth data for the fourth quarter due at 8:30 a.m. ET. The report will likely show gross domestic product grew at a 2.5% annualized rate,
Europe’s economy has stagnated at the end of last year as former growth engine Germany floundered to the end of a second straight year of shrinking output.
The German economy shrank more than expected in the fourth quarter of 2024, as gross domestic product (GDP) fell by 0.2%, final figures released by the Federal Statistical Office show. The figures were a downward revision of 0.
The economy appeared on track to post a robust 3% annual growth rate in the final three months of 2024. [Then the December trade deficit spiked.](
It comes after the US Federal Reserve left its benchmark interest rate unchanged after making three cuts since September. With the economy rolling along, Fed Chair Jerome Powell told reporters, "we do not need to be in a hurry'' to make more cuts.
Consumer spending, which comprises the largest share of economic activity, advanced at a 4.2% pace — the first time since late 2021 that outlays have exceeded 3% in consecutive quarters.