Washington | The US economy expanded at a solid pace at the end of 2024, fuelled by a generous tailwind from consumer spending that more than offset drags from a strike at Boeing and much leaner inventory investment.
Inflation-adjusted gross domestic product increased an annualised 2.3 per cent in the fourth quarter after rising 3.1 per cent in the prior three-months, according to the government’s initial estimate. The median forecast in a Bloomberg survey of economists called for a 2.6 per cent growth.
