The US economy grew 2.4% in Q4 2023, better than initially reported.
Corporate profits jumped 5.9% – the biggest increase in over two years – with profit margins reaching 15.9%, well above pre-pandemic levels. This could help companies absorb future tariff costs without raising consumer prices.
While consumer spending growth was revised down to 4%, improvements in exports, government spending, and business investment boosted overall growth. Despite this strong performance, major financial institutions predict slower growth in 2025 due to concerns about President Trump’s trade policies.