In the fourth quarter of 2024, the US real GDP increased at an annualized rate of 2.3%, falling short of the expected 2.7%. Despite this slowdown, the overall economic performance throughout the year was considered strong, with stable job growth and rising personal spending. Economists like Matt Colyar and Elizabeth Renter noted that inflation moderated and the unemployment rise was linked to increased labor supply, alleviating wage pressure. Consequently, while growth may slow to about 2% in 2025, the risk of recession remains low at this early stage of the year.
Real GDP increased at an annualized rate of 2.3% in Q4 2024, below forecasts, yet overall, the economy remained strong with a low risk of recession in 2025.
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