U.S. Economy Grows 2.3% in Fourth Quarter of 2024: A Slowdown Tied to Consumption

The U.S. economy grew 2.3 percent in the fourth quarter of 2024 (October-December), marking the slowest pace since the spring of that year. The deceleration was attributed to a decline in consumer spending, likely influenced by uncertainties related to the November 5 General Election. Although there was no political paralysis during the election period, consumers […]