The American economy grew by 2.8 percent in 2024, but it slowed until the end of the year

Economic growth in the fourth quarter decreased to an annual average of 2.3 percent, which is shy by 2.6 percent, as the economy is heading to an uncertain area.

The total growth of local products (GDP) slowed from 3.1 percent in the third quarter and 3 percent in the second quarter, according to the data issued on Thursday by the Ministry of Commerce.

Real GDP increased 2.8 percent over the year, higher than inflation.

Economists said that the number was excellent in light of the shrinkage that many expected in 2024, but they expect greater growth in the coming quarters.

“It is expected that the economy will gently make fun of the 2 percent direction in the next quarter,” said in his analysis in his analysis in the fourth quarter, describing the fourth quarter number as “strong.”

The total economic conditions are solid, but the signals indicate different directions, representing uncertainty that are exacerbated by political factors.

The inflation has come to the top in recent months, and the federal reserve has slowed the pace of price discounts. Fixed rates were kept in the range of 4.25 to 4.5 percent this week.

Federal Reserve Chairman Jerome Powell said on Wednesday that the central bank plays things with ear.

“We are not in any previous session,” he said, adding that the bank’s price determination committee will evaluate the data received, advanced expectations, and the balance of risk.

Many economists have concerns about the Trump administration immigration policies, which can affect the conditions of the labor market, and the impact of the proposed definitions of Trump on the prices of consumer goods and supply chains.

Some economists saw the threat of Trump’s tariff that appears in the number of GDP.

“Car purchases and other strong commodities, which are likely to be motivated by the Trump tariff, indicated 35 percent of GDP growth in the fourth quarter,” economist Dean Baker pointed out on social media.

The imports rose in December, and some of the western coast ports dealt with record sizes before the incoming administration.

The imported goods were $ 289.6 billion for December, 10.8 billion dollars more than imports for the month of November, according to the Statistical Office. The US trade deficit recorded $ 122.1 billion in December, and $ 18.6 billion above November.