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The Guardian - US

Business

Callum Jones in New York

US economy continues to grow at robust pace as Trump vows to reduce prices

United States Economy Donald Trump GDP

person wearing black hoodie looks at rows of eggs — A customer shops at a supermarket in New York City on 20 December 2024. Photograph: Anadolu/Getty Images

The growth of the US economy slowed in the last quarter, but capped another robust year of expansion, as Donald Trump pledges to lead a historic revival and bring down prices for millions of Americans.

Gross domestic product (GDP) – a broad measure of economic health – grew by 2.3% in the last three months of 2024, according to official data released on Thursday, down from the 3.1% rate of growth in the previous quarter.

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