Donald Trump inherits strong economy as US growth rate hits 2.8% in 2024 amid ongoing inflation concerns

Jan 30, 2025 - 21:00
Donald Trump inherits strong economy as US growth rate hits 2.8% in 2024 amid ongoing inflation concerns

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The US economy ended 2024 with a solid performance driven by strong consumer spending and government support resulting in a 2.8% growth for the year. Despite inflation pressures and a slight dip in business investment, the overall economic outlook remains positive as President Donald Trump takes office in 2025.

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