Reported about 6 hours ago
The US economy grew at a slower rate of 2.3% in the fourth quarter, missing initial forecasts of 2.6%, yet it maintained a solid annual growth rate of 2.8% for 2024. HSBC's chief US economist, Ryan Wang, emphasized that consumer spending and business investment are key drivers of this resilience, even amidst uncertainty from policy changes under the Trump administration. Despite the fourth-quarter GDP dip, Wang believes the economy is starting 2025 on stable ground with continued strong consumer and business activity.
Source: YAHOO