The US economy has increased above expectations with 2.4 % in the fourth quarter of 2024.
The US Department of Commerce has published the final data of domestic product combination (GDP) in October to December 2024. Accordingly, GDP in the United States increased by 2.4 % each year in the last quarter of last year. During the mentioned phase, GDP data has been revised. It is predicted that the economy has increased by 2.3 % in the last quarter of last year in the last quarter of last year, in the pioneer data published in January and the second estimate was published in February of the country's GDP data. The US economy increased by 1.6 % in the first quarter of last year, 3 % in the second quarter and 3.1 % in the third quarter. The country's economy grew by 2.8 % by 2024. The US economy increased by 2.9 % by 2023. In the fourth quarter growth of the US economy last year, basically consumer spending and increasing public spending is effective. At the same time, investment and import decreased. In the amendment of the fourth quarter of last year, the amendment of GDP is a decision in import. At the same time, the increase in the price index of personal consumption spending is 2.4 %. Personal price index increased by 1.5 % in the third quarter of last year. When food and energy costs are excluded from calculations, core personal consumption has been modified from 2.7 % to 2.6 % during this period. The core personal consumption index increased by 2.2 % in the previous quarter.