World News | US Economy Grew 2.4 Pc in 4th Quarter After Upgrade from Earlier Estimate

Washington, Mar 27 (AP) The US economy expanded at a healthy annual 2.4 per cent pace the last three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-quarter growth.

But it's unclear whether the United States can sustain solid growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally.

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The Commerce Department said that growth in gross domestic product — the nation's output of goods and services — decelerated from a 3.1 per cent pace in July-September 2024.

For all of 2024, the economy — the world's biggest — grew 2.8 per cent. (AP)

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)