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International Business Times
International Business Times
Business

US Economic Growth Steady In 2024 As Trump Takes Office

Donald Trump United States Economy Diane Swonk Joe Biden Matthew Martin
The US economy grew at a 2.3 percent annual rate in the fourth quarter last year (Credit: AFP)

The US economy expanded at a solid clip in 2024, helped by consumer and government spending, official data showed Thursday, signaling its resilience as President Donald Trump takes over the reins.

Trump won a commanding victory in last November's election on the back of public dissatisfaction over cost-of-living pressures, even as inflation has cooled while the job gains continued.

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