Economy Defied Expectations in Biden’s Last Year

“Growth slowed but remained resilient at the end of 2024, leaving the U.S. economy on solid footing heading into a new year — and a new presidential administration — that is full of uncertainty,” the New York Times reports.

“U.S. gross domestic product, adjusted for inflation, grew at a 2.3% annual rate in the fourth quarter of last year, the Commerce Department reported on Thursday. That was down from the 3.1% growth rate in the third quarter but nonetheless represented an encouraging end to a year in which the economy once again defied expectations.”