The US economy defied expectations for a slowdown in 2024, with solid consumer spending driving growth ahead of its G-7 peers. Despite rising interest rates and a cooling labor market, the country is set to top the group, according to International Monetary Fund projections. However, hiring slowed as borrowing costs impacted housing and manufacturing sectors.
Source: https://www.bloomberg.com/news/articles/2024-12-29/us-economy-surprised-again-in-2024-despite-fed-election-drama