U.S. GDP Growth Slowed In Q4 2024 To 2.3% Due To Falling Inventories
1. U.S. GDP grew 2.3% in Q4 2024, slowing from 3.1% in Q3. 2. Consumption and government spending positively impacted Q4 GDP growth. 3. A decline in inventories detracted over one percentage point from GDP. 4. Future GDP in 2025 expected to grow by 2.7%, per IMF forecasts. 5. Strong labor market supports overall U.S. economic strength despite high rates.