GDP

It could make the economy more vulnerable.

Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose 4.2%.

Economic growth was healthy in 2024, coming in at 2.8% compared to 2.9% in 2023. The continuing expansion is driven by consumers.

The trade gap signals strong demand for imports, which can be a good sign for the economy. Also, it’s been fairly stable relative to GDP.

Exports of computer-related services rose too. “You sell the machine, but you also sell the engineers” who can set it up, one expert says.

Some businesses are trying out software with AI capabilities.

GDP grew at a healthy 2.8% pace. Current spending levels may provide a welcome “not too hot, not too cold” scenario for the Federal Reserve.

Each measure looks at economic productivity. One focuses on who does it, and the other on where it happens.

The real gross domestic product for the second quarter was even stronger than previously thought.

New research finds that Latinas accounted for $1.3 trillion in 2021, thanks largely to the daughters of immigrants.