Donald Trump has vowed to turbo-charge the U.S. economy, but it’s been expanding well above its typical speed for more than two years and it probably finished 2024 with another burst of strong growth.

The US economy expanded at a solid clip in 2024, helped by consumer and government spending, official data showed Thursday, signaling its resilience as President Donald Trump takes over the

The U.S. economy grew at a 2.3% annualized rate in the final three months of 2024, the Commerce Department said on Thursday — closing out a year of strong growth. Why it matters: The economy lost some momentum at the end of the year but President Trump still inherits an economy expanding at a healthy clip,

The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of