Us Economy In 2024. The data for the first quarter of 2024 was also released wednesday and. — the us economy is growing faster than projected, driven largely by consumer spending and the federal reserve’s successful efforts to get inflation under control without triggering a recession.
Commerce department’s bureau of economic analysis (bea) reported fourth quarter real gross domestic product (gdp) increased at an annual rate of 3.3 percent in the fourth quarter. Real gross domestic product increased at a 2.8% annualized pace in the second quarter, above the 2.1% forecast.
