The Gross Domestic Product (GDP) of the United States grew 2.3% in the last quarter of 2024, which reflects a slowdown after the expansion of 3.1% registered in the previous quarter, according to the data published this Thursday by the Office of Economic Analysis (BEA) of the Department of Commerce.
Compared to the last quarter of 2023, the growth of GDP was 0.6%, and in the whole of 2024 the US economy expanded 2.8% compared to 2023, below 2.9% of the growth data of the previous year.
According to the first GDP calculations in the fourth quarter and 2024, published by the BEA, the slowdown in growth in the last three months of the year was due to the fall in investment and exports.
However, the main engine of the economy, consumption, grew strongly at a rate of 4.7% in the fourth quarter.
In spite .
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EU GDP CRENION 2.3% in the last quarter of 2024
Precisely this Wednesday, the Fed broke the cycle of cuts started last September and maintained the types in the current range of 4.25% to 4.5%, disregarding the public request of the US president, Donald Trump, of applying new declines immediately.
Trump has promised to cut taxes and reduce regulations to accelerate the already solid economic growth, a strategy that has large corporations in the United States.
However, the private sector fears that the tariffs announced by Trump will enforce production costs.
Among other things, Trump has threatened to impose 25% tariffs on Mexico and Canada from February 1, in retaliation for the flow of fentanyl and irregular migration on the border.
With EFE information.
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