Story perspectives
US Economy Grows 2.4% Amid Strong Consumer Spending
3/27/2025
39 5
1 of 1
Story summary
- The U.S. economy expanded by 2.4% in Q4 2024, fueled by strong consumer spending and corporate profits.
- Corporate after-tax earnings surged by 5.9%, marking the highest growth since 2021.
- Economists warn of potential future growth challenges due to trade policy uncertainties and declining business investment.
- Consumer spending rose by 4%, while a decrease in imports influenced GDP calculations.
