The US economy increased by 2.4% in the 4th quarter after upgrading of the final growth

Washington (AP) The US economy has developed at an annual rate healthy of 2.4% in the last three months of 2024, supported by an increase in the end of the year of consumer spending, the government said in a slight upgrade of its previous estimate of the growth of the fourth quarter.

But it is not clear if the United States can support this growth while President Donald Trump is conducting commercial wars, purges the federal workforce and illegally promises mass deportations of immigrants working in the country.

Growth of gross domestic product The production of nations of goods and services decelerated from a rate of 3.1% in July-September 2024, said the Commerce Department.

For all 2024, the largest economy in the world increased by 2.8%, down a tick of 2.9% in 2023.

Consumer spending increased at a rate of 4%, compared to 3.7% in the third quarter of 2023. But companies' investment dropped, led by 8.7% of investment in equipment.

A drop in commercial stocks shaved 0.84 percentage points on GDP growth in the fourth quarter.

A category in GDP data which measures the underlying force of the underlying economies increased to a healthy annual rate of 2.9% in the fourth quarter, going from the previous estimate of governments of 3.2% and 3.4% in the third quarter. This category includes consumption spending and private investments, but excludes volatile elements such as exports, stocks and public spending.

The Wednesday report showed continuous inflationary pressure at the end of 2024. Federal reserves favored inflation of personal consumption expenditure, or the PCE, the price index increased at an annual rate of 2.4%, against 1.5%in the third quarter and more of the federal reserves of 2%. Excluding volatile prices for food and energy, so -called basic PC inflation registered by 2.6%, compared to 2.2% in the third quarter.

The Thursday's report was the third and last look of the GDP governments in the fourth quarter.

The outlook is more cloudy. Trumps the decision to slam taxes on a range of imports, including a 25% tax on foreign cars announced on Wednesday, could increase inflation and disrupt investments, harming growth.

The fourth quarter showed the American economy before the enormous increase in policies' uncertainty, in particular trade, settled and the Trump administration imposed additional prices, wrote Ryan Sweet, an American economist in chief at Oxford Economics. The combination of the uncertainty of policies, prices and conditions of tightening financial markets weighs on growth at the start of this year.

Consumer confidence in the United States slides on a sedan on anxiety about prices and inflation, and large retailers reduce their expectations for the year, saying that customers are already retreating to spending.

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