The US economy's growth rate in Q4 2024 was reported at an annualized 2.3%, slightly below predictions but contributing to an overall growth of 2.8% for the year. This statistic aligns with expectations from the Cebr, differentiating the US from other advanced economies that face challenges such as high inflation and tighter borrowing conditions. The strong growth and robust labor market findings support the Federal Reserve's decision to maintain current interest rates, showcasing the continued economic strength of the US amidst global economic uncertainties.
Advance estimates show that the US economy grew by an annualised 2.3% in Q4 2024, slightly lower than expectations but indicating a real GDP growth of 2.8% for the year.
Despite the slowdown, the US economy remains an outlier among advanced economies, facing lesser hurdles related to inflation and borrowing conditions.
The growth results will help maintain the Federal Reserve's current stance on interest rates, supported by a strong labor market.
Overall growth in the US continues to align with Cebr's expectations, showcasing resilience compared to other advanced economies.
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