GDP grew by 2.3% in last quarter of 2024, down from 3.1% rate of growth in previous quarter

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.