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The US economy increased to an annualized rate of 2.3% in the fourth quarter, a lower end than expected to a year dominated by the resilience of American consumers.
Thursday’s GDP of the Bureau of Economic Analysis compared to the 2.6% expected by economists interviewed by Bloomberg and 3.1% in the third quarter.
The report arrives one day after the federal reserve Interest rates heldWith President Jay Powell saying that the force of the economy meant that the central bank did not need to be “pressed” to reduce loan costs.
Consumer expenditure has propelled a large part of the growth of the largest world economy in the fourth quarter, public spending also increasing the figures, said BEA. A drop in investment partially compensated for the rise.
“It is really important to see the acceleration of consumer spending, including large ticket items – vehicle sales have gone to their highest level since May 2021,” said Diane Swonk, chief economist of KPMG US, Who added “a travel season” had contributed to the expenses of the services.
The American economy widened by 2.8% for all 2024, tied with the 2.9% recorded in 2023.
Bernard Yaros, American economist of the research company Oxford Economics, said that the slowdown in growth in the fourth quarter should not last. “The weakness on the investment side was largely attributable to the recovery of an unbearable boom for the investment of planes earlier this year,” said Yaros.
The IMF awaits the US economy To continue to go beyond peers in Europe, Canada and Japan this year. President Donald Trump’s commitment to reduce taxes has increased expectations that US growth will remain robust.
But some economists fear that if Trump triggers a business war with prices on business partners, this could eliminate some of these expected earnings.
“The biggest risk for our 2025 forecasts is an immediate taxation of general prices on the main business partners,” said Yaros, adding that a 25% sample in Canada and Mexico, as well as additional prices on China , would have growth by growth by 1.2 percentage points.
US government’s obligations were largely stable as a result of data, the two -year yield of 0.02 percentage points of less than 4.21%, while the yield to 10 years of reference fell by 0.04 points of percentage at 4.51%.
US stock contracts have retained their earnings, contracts following the S&P 500 up 0.3% and those who follow the NASDAQ of technology 100 to 0.6%.
