In 2024, a Pew Research poll found that only 23% of Americans viewed the U.S. economy in positive terms, as excellent or good.
But the U.S. economy grew last year, according to data from the U.S. Commerce Department’s Bureau of Economic Analysis (BEA). The United States’ gross domestic product (GDP) increased from $27.72 trillion in 2023 to $29.17 trillion in 2024. The GDP growth arose from Americans earning more and spending more, per BEA.
Now, looking ahead to 2025, EY’s chief economist Gregory Daco says that he expects the U.S. economy to continue to grow and lead the global economy.
Related: ‘Inflation Is No Longer a Concern’: Here’s What U.S. Families Should
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