Growth was driven mostly by household consumption, which rose at an annualised rate of 4.2 per cent in the fourth quarter — well above consensus expectations of a 3.2 per cent rise, and above the ...
The initial estimate of fourth quarter U.S. GDP growth came in at 2.3% annualized, down from 3.1% in the third quarter. This was near our estimate of 2.2%, but below the consensus forecast looking for ...
Economic growth came in pretty strong for the fourth quarter of 2024. As we learned on Thursday, GDP rose at an annual rate of 2.3%. And consumer spending is a key contributor. It rose 4.2% for ...
The U.S. economy grew slower than expected in the fourth quarter, according to new data released on Thursday. The Commerce Department's Bureau of Economic Analysis (BEA) released its advance ...
As Eurozone inflation has returned to close to target, economic weakness is front of mind at the central bank. Weak household consumption owing to depressed consumer confidence is worrying ECB ...