US Economy: Second Estimate of Q4 2024 GDP Released
Recent data released by the U.S. Department of Commerce indicates that the country’s economy showed stable growth in the fourth quarter of 2024, according to the second estimate of Gross Domestic Product (GDP). This figure increased by 2.1% year-over-year, representing a slight improvement over the first estimate that was at 2.0%.
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Strong Growth of the US Economy in Q4 2024
Recent data released by the US Department of Commerce has shown that the country's economy continues to maintain its resilience and dynamism. In the fourth quarter of 2024, the Gross Domestic Product (GDP) increased by an impressive 4.5% compared to previous quarters. This growth was made possible by significantly rising consumer spending, which acts as the engine of the US economy. Experts note that such positive dynamics play a key role in sustaining economic confidence.
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ECB's Economic Hopes at Risk as Consumers Cut Spending
Recent reports from the European Central Bank (ECB) highlight growing concerns about the state of the eurozone's economy. Data indicates that consumers, facing rising prices and heightened inflation, are beginning to cut their spending, which could significantly affect the region's economic recovery.
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Brazil's Economy Shows Impressive Growth in Q2 Driven by Consumer Spending
Brazil's economy has demonstrated impressive growth in the second quarter of 2024, primarily due to an increase in consumer spending. According to data released in early September, the country's gross domestic product (GDP) grew by 1.5% compared to the previous quarter. This figure was significantly higher than economists' forecasts, which anticipated a more modest growth of around 0.8%.
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Strong US Economy: Revised Data Shows 3% Expansion
The US economy continues to show strong performance, according to recently updated economic data. The annual Gross Domestic Product (GDP) growth has been revised to 3%, surpassing previous estimates and highlighting the remarkable resilience of the consumer sector. This growth has been fueled by increased household spending and a recovery in business activity, even amidst rising interest rates.
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Japan Upgrades Economic Outlook for the First Time in 15 Months
The Japanese government has decided to upgrade its economic outlook for the first time in the last 15 months. This change comes in light of positive economic data and confidence in further growth. The economic planning department specifically noted that domestic demand continues to strengthen, and exports are showing signs of recovery despite uncertainties in the global economy.
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