The U.S. economy grew a bit slower at the end of last year. This means things like buying and selling slowed down a little. It's important to know how the economy is doing because it affects everyone!
- The economy grew by 2.3% in the last three months of the year.
- Cold weather and worries about higher prices from taxes on imported goods hurt the economy.
- Spending by people (consumers) still grew, but not as quickly as before.
| Fact | Number |
|---|---|
| Economy growth (last quarter) | 2.3% |
| Consumer spending growth | 4.2% |
| Economy growth for all of 2024 | 2.8% |
