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The American economy has grown at an annual rate of 2.3 percent in the fourth quarter, a weaker end of one expected to a year dominated by the elasticity of American consumers.
GDP on Thursday from the Economic Analysis Office, compared to 2.6 percent expected by the economists covered by Bloomberg and 3.1 percent in the third quarter.
The report comes a day after the federal reserve Useful interest ratesWith President Jay Powell saying that the strength of the economy means that the central bank did not need to be “in a hurry” to reduce borrowing costs.
The Bea said that consumer spending was working to operate a large part of growth in the world's largest economy in the fourth quarter, as government expenditures are strengthening these numbers. A decrease in investment partially compensates for the rise.
“It is really important to see the acceleration in consumer spending, especially on large ticket elements-vehicle sales have gone to the highest level since May 2021,” said Diane Sonk, KPMG USA's chief economist. Contribute to spending services.
The American economy expanded 2.8 percent throughout 2024, equally with 2.9 percent recorded in 2023.
Bernard Yarros, US economists at Oxford Economic Research Company, said that the slowdown in growth in the fourth quarter is unlikely to continue. “Weakness on the investment side was largely due to the recovery of an unlimited boom in aircraft investment earlier this year,” Yarous said.
The International Monetary Fund expects American economy To continue peers in Europe, Canada and Japan this year. President Donald Trump's pledge to reduce taxes has sparked expectations that American growth will remain strong.
But some economists are concerned that if Trump raises a trade war with a customs tariff for commercial partners, he can erase some of the expected gains.
“The biggest danger to our 2025 expectations is an immediate imposition of comprehensive definitions on the main commercial partners,” Yarros said, adding that a 25 percent tax on Canada and Mexico, in addition to an additional tariff on China, will grow through its growth 1.2 percentage points.
US government bonds were widely fixed after data, as the rate of return for two years decreased by 0.02 points by 4.21 percent, while the standard revenue decreased for 10 years by 0.04 points by 4.51 percent.
American stock futures are kept on their gains, as they follow the S&P 500 contracts by 0.3 percent and those who follow NASDAQ technology by 100 percent.
