Economists expect that real GDP grew about 2.3% in the period, below the third quarter’s growth rate, due to a trade deficit in goods.

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.

The U.S. grew at a mild 2.3% annual pace in the final three months of 2024, but the details of the report showed an economy on strong footing as the Biden administration gave way to the Trump White House.

Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized pace in the fourth quarter. Economists surveyed by Dow Jones had been expecting an increase of 2.5%.

The German economy shrank more than expected in the fourth quarter of 2024, as gross domestic product (GDP) fell by 0.2%, final figures released by the Federal Statistical Office show. The figures were a downward revision of 0.

The U.S. economy grew at a rate of 2.3% in the fourth quarter of 2024, according to a new estimate released by the Commerce Department's Bureau of Economic Analysis.