How Is The Us Economy 2024. The us economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Us gross domestic product (gdp) increased 1.9% in 2022 and another 2.5% in 2023.
Inflation trended downward from 6.5 percent year over year in december 2022 to 3.4 percent year over year in december 2023. In fact, it hasn’t been this low for such a long.