Cyclical|Towards the end of the year, the economic growth rate was 2.3 per cent, or 0.3 percentage points slower than expected.
US The economic growth rate was 2.3 per cent in October -December, according to preliminary information published by the Ministry of Commerce on Thursday. This means that the economy grew by 0.6 per cent from the previous quarter.
Economic growth was slower than expected. Economists estimated in the Bloomberg survey that the growth rate would have been 2.6 per cent in the last quarter. In the previous quarter, July -September, growth rate was 3.1 per cent.
At the end of last year, economic growth was maintained by special household consumption, but also for public investments.
US CEO of Central Bank Jerome Powell Said Wednesday that there is no need to rush interest cuts because of a strong economy.
The International Currency Fund (IMF) predicts that the US economy will grow by 2.7 percent this year, which would be clearly more than in the euro area. Namely, the IMF estimates that the economy of the euro area will increase by 1.0 percent this year.
The United States is the world’s largest economy that has a significant impact on the global economy.