By our economics editors
Jan 25, 2024 at 3:49 PM Update: an hour ago
The United States economy grew by 2.5 percent last year despite fears of a recession. Because consumers spent more, the last quarter was especially strong.
Another cause of the good figures was the favorable development of the labor market. For example, relatively few people were fired last year and wages rose. This also gave consumers more to spend.
For a long time, a recession in the United States was expected, partly due to high American interest rates. This high interest rate from the Federal Reserve limits inflation, but also slows down economic growth.
The US central banking system will hold another meeting next week. The Fed is not expected to adjust interest rates. The European Central Bank (ECB) did not do that today either.
- 26 Oct 2023 at 15:40
Biggest growth for US economy in almost two years
Beeld: Getty Images
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2024-01-25 14:49:27
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