This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Advance Q4 GDP estimates show growth slowed more than expected at the end of 2024, but annual growth still came in at a healthy level. 

The Bureau of Economic Analysis says the US economy grew by 2.8% in 2024, down slightly from 2023, which saw a 2.9% increase. 2% is the accepted threshold for developed countries. 

Inflation-adjusted GDP for the final months of 2024 came in at 2.3%, lower than projections of 2.4%. Q3 GDP was adjusted to 3.1% growth. 

Personal spending in Q4 was up again, coming in at 4.2% annualized. Consumers spent the most on healthcare and recreational goods…

Read more on Blockworks