26
Jan
During the last quarter of 2024, the US economy grew at an annual rate of 2.3%, according to the Bureau of Economic Analysis. This expansion was below the expected 2.6% and represented a slowdown from the 3.1% increase seen in the previous quarter.Primary Factors of Economic ExpansionGrowth in the last quarter was mainly propelled by rises in consumer expenditures and government spending. Household consumption, a crucial part of the Gross Domestic Product (GDP), stayed strong, indicating ongoing consumer activity. Government expenses also played a positive role, with significant growth in federal and state spending.Quarterly Comparison AnalysisThe growth rate of 2.3%…