US economy grew 2.8 percent in 2024, but slowed to end year
Fourth quarter economic growth eased to an annualized rate of 2.3 percent, shy of an expected 2.6 percent, as the economy heads into uncertain territory.
Gross domestic product (GDP) growth slowed from an impressive 3.1 percent in the third quarter and 3 percent in the second quarter, according to data released Thursday by the Commerce Department.
Real GDP increased at 2.8 percent on the year, above the non-inflationary growth rate.
Economists said the number was an excellent one in light of a downturn that many expected in 2024, but that they anticipate more........
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