U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce ...

Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November ...

The rapid estimates, issued by the General Authority for Statistics (GASTAT) on Thursday, showed that non-oil activities ...

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

The economy appeared on track to post a robust 3% annual growth rate in the final three months of 2024. [Then the December trade deficit spiked.]( ...

The numbers: The U.S. economy 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 handed ...

Consumer spending, which comprises the largest share of economic activity, advanced at a 4.2% pace. This was led by a pickup in motor vehicle sales.

It comes after the US Federal Reserve left its benchmark interest rate unchanged after making three cuts since September.