U.S. gross domestic product grew by 2,3% in Q4 2024 after expanding by 3.1% in Q3. Consumption was the lion's share of growth as investment fell on inventory declines.
Consumer spending fueled growth, despite ongoing fears about inflation.
Statistics Canada says real gross domestic product decreased 0.2 per cent in November, the largest monthly contraction since December 2023. However, the agency said Friday its preliminary estimate for December pointed to an increase of 0.
Optimists looking for an encore performance from Wall Street were handsomely rewarded in 2024. Last year, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all achieved multiple record-closing highs and ended higher by 13%, 23%, and 29%, respectively.
The dollar was edging higher against a basket of currencies, recovering modestly after falls the previous day following weak U.S. gross domestic product data. Markets turn cautious ahead of possible announcements by President Trump on tariffs,
Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.
Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, nominal GDP might look stronger even though people aren’t buying more.
U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce
Mexico maintains a target for gross domestic product growth of between 2% and 3% this year, the finance ministry said on Thursday, noting there were no signs of a "permanent weakening" that could push the country into a recession.
OTTAWA - Statistics Canada says real gross domestic product decreased 0.2 per cent in November, the largest monthly contraction since December 2023.
The economy of Mexico shrank in the last quarter of 2024, marking the first quarterly contraction in three years, the national statistics agency INEGI reported in a preliminary estimate on Thursday. The gross domestic product (GDP) of the country decreased by 0.6% in the fourth quarter of the last year, compared to the same period of 2023.