In 2024, the U.S. economy experienced a 2.5% growth, although the pace of growth decelerated in the final quarter. The slight deceleration is attributed to several factors, including changes in consumer spending habits and adjustments in business investments.
Vero’s thoughts on the news:
The reported 2.5% growth in the U.S. GDP for 2024 signifies resilient economic advancement despite late-year challenges. From the perspective of technology and app development, this steadiness in economic growth offers a stable foundation for innovative ventures and investments. A reliable economic environment is crucial for the tech sector, particularly for new startups and app developers who seek investor confidence and consumer spending power.
Source: U.S. GDP Grew 2.5% in 2024, but Slowed Slightly in Final Quarter – The Wall Street Journal
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