2nd Quarter 2024 Gdp Usa 2024. The gross domestic product (gdp), a measure of the nation’s economic output, grew at an annualized rate of 2.8% in the second quarter, double the 1.4% rate. Real gross domestic product (gdp) in the us grew at an annualized rate of 3.0% in the second quarter of 2024, up from 2.8% in the initial estimate and 1.4% in the first quarter.
Real gross domestic product (gdp) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the “advance” estimate. We continue to expect two rate cuts of 25 basis points (bps) in 2024, in july and november, as core disinflation reasserts itself and labor market conditions soften.