Record US goods trade deficit seen cutting into fourth-quarter GDP growth
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
1hon MSN
The U.S. economy grew last year at a solid clip, boosted by American consumers who just kept spending.U.S. gross domestic ...
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
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The economy in the final three months of 2024 failed to match the 3% growth rate of the prior two quarters, but not because the U.S. is feeling lots of stress. So what happened? The production of ...
Ahead of this morning's preliminary data on U.S. growth in October through December, here's a visual breakdown of what has ...
U.S. gross domestic product grew by 2,3% in Q4 2024 after expanding by 3.1% in Q3. Consumption was the lion's share of growth as investment fell on inventory declines.
The economy appeared on track to post a robust 3% annual growth rate in the final three months of 2024. [Then the December trade deficit spiked.]( ...
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Dr. Jesse Abrams from the University of Exeter said we are “grossly underestimating risk due to climate change and ...
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Thursday’s report on U.S. gross domestic product growth in the fourth quarter was slower than expected, but “the economy ended 2024 on a strong note,” according to FHN Financial. “Domestic demand is ...
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