Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.
Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, nominal GDP might look stronger even though people aren’t buying more.
U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce
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The gross domestic product (GDP) fell by 0.2% in the fourth quarter of 2024 compared with the third quarter of 2024 after adjustment for price, seasonal and calendar variations. While household and government final consumption expenditure increased,
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Gross domestic product — the value of all goods and services produced across the economy — grew at a 2.3% annual rate, down from 3.1% in the third quarter, the Commerce Department estimated Thursday.
The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.
Consumer spending fueled growth, despite ongoing fears about inflation.