US GDP growth in the first quarter of 2024

According to the third estimate released by the Bureau of Economic Analysis, real gross domestic product (GDP) grew at an annual rate of 1.4 percent in the first quarter of 2024. This growth is lower than the 3.4 percent growth recorded in the fourth quarter of 2023. The GDP estimate just released is based on more complete source data than last month’s second estimate, which showed a 1.3 percent increase.