The US’ 2024 economy – David O'Rear's East Asia Politics & Economics Blog
At first blush, the US economy appears to have slowed in 2024, by one-tenth of a percentage point. Expansion measured +2.8%, compared to 2023’s +2.9%, despite a slight (0.3 pct) bump up in private consumption, and a 4% bounce back (from +0.1% a year earlier) in capital investment. The big drag was imports, a key…