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"The report shows that real GDP growth slowed to 2.3% in the fourth quarter of 2024, down from 3.1% in the third quarter. Business investment and consumer income growth were downgraded, with gross private domestic investment declining more than previously estimated. The housing market is also showing signs of weakness, with pending home sales falling 4.6% in January to their lowest level on record. The report suggests that the economy is more fragile than previously thought, with a reliance on government spending and a lack of confidence in private sector investment."
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"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqg8p248rjcxc0f7ruk6cgnec5qjxkpas053hm69xedl5ef4zywq6hvdem2ma\nhttps://media.breitbart.com/media/2025/02/trump-biden-11-13-24-getty-640x335.png\nThe latest GDP report released Thursday by the Bureau of Economic Analysis confirms what many economists had been quietly warning: beneath the surface, the economy is weaker than it seemed. The post Breitbart Business Digest: Trump Inherited a Biden Economy Riddled with Hidden Weaknesses appeared first on Breitbart.\nhttps://www.breitbart.com/economy/2025/02/27/breitbart-business-digest-trump-inherited-a-biden-economy-riddled-with-hidden-weaknesses/",
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