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Gross Domestic Product, 4th Quarter of Year 2024

The U.S. economy grew at an annual rate of 2.3% in the fourth quarter of 2024, a slowdown from the 3.1% growth in the previous quarter. Consumer and government spending drove the increase, while investment declined. Inflation indicators showed modest increases, with the PCE price index rising 2.4% and core inflation (excluding food and energy) up 2.7%. The full-year GDP growth for 2024 was 2.8%, reflecting steady economic expansion despite shifting investment trends.

Gross Domestic Product, 4th Quarter of Year 2024
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  • White Paper
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Website:Visit Publisher Website
Author(s):
  • U.S. Department of Commerce
Publisher:U.S. Department of Commerce
Published:February 27, 2025
License:Public Domain
Tags:consumer spendingeconomic expansionus economy
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