Economy
US economy is clearly losing drive
In the last quarter of 2024, the gross domestic product no longer increased as much as in the previous quarter. Two areas in particular inhibit growth.
The US economy lost a lot of driving at the end of last year. In the fourth quarter, the gross domestic product (GDP) rose to the previous quarter by 2.3 percent, as the Ministry of Commerce announced on Thursday in Washington, according to a second estimate. This confirms an initial estimate. In the third quarter, the largest economy in the world had grown by 3.1 percent.
Among other things, a weak foreign trade braked the US economy at the end of last year. In the exports of Waren, the ministry reported a decline in the fourth quarter after they had previously increased significantly in the quarter. The investments also gave up. Economic performance was supported by strong growth among long -lasting consumer goods, including cars.
US growth figures are annualized, i.e. extrapolated to the year. They state how strongly the economy would grow if the pace lasted for a year. This method is dispensed with in Europe, which is why the numbers are not directly comparable to each other. To get a growth rate compared to Europe, you would have to share the US rate by four.
dpa
Source: Stern
