
Economic growth slows despite strong consumer spending
During the last quarter of 2024, the economy of the United States saw a reduction in growth, with an annualized expansion rate of 2.3%, down from the 3.1% recorded in the previous quarter. This decrease took place even with the ongoing strong consumer spending, which has played a crucial role in driving economic activity.In the final quarter of 2024, the United States economy experienced a deceleration in growth, expanding at an annualized rate of 2.3%, a decline from the 3.1% observed in the preceding quarter. This slowdown occurred despite continued robust consumer spending, which has been a significant driver of…

