U.S. economic growth of 2.3% in fourth quarter confirmed

Associated Press

02/27/2025

GDP — A CONSUMER places a flat of eggs in a shopping cart in a Costco warehouse in Sheridan, Colo. The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth. ASSOCIATED PRESS FILE PHOTO/DAVID ZALUBOWSKI

WASHINGTON (AP) – The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth. The outlook for 2025 is cloudier as President Donald Trump pursues trade wars, cutbacks in the federal workforce

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