US GDP Growth Slows; Tariff Uncertainty Looms

The U.S. economy experienced a slowdown in growth during the fourth quarter of 2024, with GDP expanding at a 2.3% annualized rate, down from 3.1% in the previous quarter, according to data from the Bureau of Economic Analysis. This rate fell short of the 2.6% forecast by economists, largely due to a decline in investments and a record-high trade deficit. Despite the slowdown, consumer spending remained robust, contributing significantly to GDP growth, alongside government spending. The Federal Reserve has maintained its interest rate policy amid strong domestic demand, but uncertainties remain due to potential tariff implementations by the new Trump administration, which could impact 2025's economic performance. Meanwhile, Greece's economy is projected to grow at 2.1% in 2025, driven by investments, amid potential risks from global uncertainties and euro area crises, according to the IMF.