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Real GDP headline growth of 2.3 percent quarter-over-quarter annualized masked a stronger underlying pace of growth in the economy at the end of 2024.
Final sales to domestic purchasers (GDP excluding trade and inventories) grew at a more robust 3.1 percent pace. While consumer performance remained extremely solid throughout 2024, an atypical double-digit surge in durable goods consumption in Q4 hints at consumers stockpiling behavior ahead of anticipated tariff-driven price increases. Such strength may borrow growth from the future quarters.
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Charts
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The Conference Board recently released its updated 2022 Global Economic Outlook.
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The LEI for France Improved in February
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LEI for the Euro Area Declined in March
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LEI for Mexico Declined in March
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LEI for Australia Unchanged in February
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LEI for the UK Decreased in February
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LEI for Brazil Ticked Up in March
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All release times displayed are Eastern Time
Global growth is expected to slow over the next decade relative to the prior ten years.
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The Conference Board Economic Forecast for the Euro Area Economy
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The Conference Board Economic Forecast for the US Economy
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The Evolving Economic Outlook for Europe
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The Economic Outlook for Europe
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