Economy 'solid, not great' as gov't reports 2.8% growth in 2024 GDP

The Commerce Department on Thursday reported both fourth-quarter and full-year 2024 gross domestic product figures.

The GDP grew 2.9% the year before.senior director, said via email that the “economy’s performance is about as good as it gets.”

Hoyt said lower-income households struggle financially, evidenced by high credit card and subprime auto loan delinquency rates.And prices for mostly lower-quality office properties and high-end multifamily buildings have fallen sharply over the past two-plus years. President Donald Trump campaigned on mass deportations and stricter border controls. His administration hasTrump has also talked about raising tariffs on other countries, both friends and foes.

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