The US economy grew at an unrevised 2.3% annualized pace last quarter, on par with consensus estimates.
The Bureau of Economic Analysis's (BEA) second estimate of fourth quarter US gross domestic product (GDP) was unchanged from the advanced estimate, which had shown 2.3% annualized growth.
The second estimate, based on more complete source data than the advanced estimate, suggests that economic growth in the fourth quarter was slower than the 3.1% annualized growth seen in the third quarter.
The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment, according to the BEA.
A third and final estimate for Q4 GDP growth will be released at the end of March.
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GDP: US economy grows at 2.3% annualized pace in fourth quarter, matching estimates
- by: Alexandra Canal · Senior Reporter
- 2025-02-27
- Source:
Yahoo
- 02/28/2025
The scale may not be apparent, but this US flag is enormous, at least 60 feet long. by Ben Mater is licensed under Unsplash unsplash.com
