27 April 2024

The Gross Domestic Product (GDP) of the United States grows 3.3% in the fourth quarter

U.S. GDP grew by 3.3% in Q4, surpassing the expected 2% increase. Despite a slowdown, the economy showed resilience, driven by increased consumer spending, exports, and government investments. Key indicators saw moderate rises, with personal savings reaching $818.9 billion and a 4% rate. Analysts predict a modest Q1 GDP growth slowdown but anticipate consumption growth above 2%. Unemployment claims rose, suggesting potential labor market shifts, but overall employment growth remains robust. The economy's future hinges on factors like government policies and labor market conditions.

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