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US economy grew 2.3% in Q4 2024, with consumer spending up but business investment down.
The U.S. economy grew at a 2.3% annual rate in the fourth quarter of 2024, matching initial estimates, but down from 3.1% in the third quarter.
Consumer spending rose 4.2%, while business investment fell due to a 9% drop in equipment spending.
The overall 2024 growth rate was 2.8%.
Inflation rose to 2.7%, exceeding the Fed's 2% target.
President Trump's trade wars, federal workforce cuts, and mass deportations plans could increase inflation and labor shortages, potentially affecting 2025 economic stability.
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La economía estadounidense creció un 2,3% en el cuarto trimestre de 2024, con un aumento del gasto de los consumidores pero una disminución de la inversión empresarial.