Us Economy Growth Q1 2024. Gross domestic product, which measures all the services and goods produced in the economy, measured an annualized rate of 1.6% in the first quarter, the commerce. Residential investment surged 13.9% —.

Us real gross domestic product rose by 1.6% (annualized) during the first quarter of 2024, well below the consensus forecast of 2.5%* and the conference board’s forecast. Economy to expand 1.5% in 2024 on an annual average basis (up from 1.3% in our september forecast) and 1.4% in 2025 (unchanged.