Washington CNN —
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.
The US economy grew 2.5% over the past year, according to new Commerce Department figures released Thursday, comparing the fourth quarter in 2024 with the one from a year earlier. A resilient labor market supported strong consumer spending last year. Americans’ spending accounts for about 70% of the US economy. Business investment also fueled growth in 2024, though it went into reverse in the final months of the year.
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