U.S. economy grows at 1.4% rate in the fourth quarter, slower than economists expected
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U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The nation’s gross domestic product — the output of goods and services — increased at a 1.4% annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4% in the July-September quarter and 3.8% in the quarter before that.
AI Summary
Main Idea: The U.S. economy grew more slowly in the fourth quarter as President Donald Trump’s government shutdown and weaker consumer spending weighed on growth.
Key Points:
- Gross domestic product rose at a 1.4% annual rate in the fourth quarter, down from 4.4% in the previous quarter.
- Consumer spending grew 2.4%, a sharp slowdown from the 3.5% gain in the third quarter.
- The economy grew steadily overall, but job growth stayed weak and employers added fewer than 200,000 jobs last year.
- Economists pointed to slower immigration, tariff costs, and uncertainty about artificial intelligence as possible reasons for weak hiring.
Impact on the People
Negative Impact
Slower growth and weak hiring can mean fewer job openings, smaller raises, and more worry for households and small businesses.
Positive Impact
Low unemployment and steady spending may keep many people employed and support stores and local services.
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Candidate Entities2 candidates · 5 weighted vote min · 70% decision
- President Donald TrumppersonMajorAI selected
Named president whose administration’s immigration crackdown and tariffs are cited as key factors in the economic slowdown.
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Credited as the reporting source at the end of the article.
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