US Economy Ends 2024 With 2.3% GDP Growth on Consumer Resilience

Today’s GDP report confirms that the U.S. economic expansion continued apace into the end of 2024 on relatively firm footing,

wrote Mike Reynolds, vice president of investment strategy at Glenmede

[President Donald] Trump’s talk of higher import taxes is already altering behavior by U.S. households,

said Joe Brusuelas, principal and chief economist for RSM US, said, per the Washington Post

With layoffs low, a decent breadth of job growth and rising wages, we think real disposable income will continue to grow, and that'll lead to continued spending,

he told AFP

The economy has done very well,

said Brian Bethune, an Economics professor at Boston College

Light touch regulation coupled with a low tax environment should, in theory, be supportive for the growth story,

said James Knightley, chief international economist at ING

I look for the growth rate of real government spending to continue to narrow going forward,

said Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets