The US economy experienced a slowdown in growth at the end of 2023, with the GDP increasing at an annual rate of 2.3% from October to December, below the anticipated 2.6%. For the entire year, growth was at 2.8%, slightly down from 2.9% in 2022. The Federal Reserve has maintained its interest rates after three cuts, citing ongoing concerns about inflation. The economic outlook is further complicated by policy proposals from Trump that could alter growth dynamics, either positively through tax cuts or negatively through tariffs and immigration policies.
US economic growth moderated unexpectedly with a 2.3% GDP increase in Q4 2023, lower than the anticipated 2.6%, reflecting cautious optimism in a dynamic fiscal landscape.
Despite a respectable annual growth rate of 2.8% for 2023, the outlook remains uncertain with potential tax cuts and regulatory rollbacks proposed by Trump.
Collection
[
|
...
]