United States economic outlook: 2024 year-in-review and first half of 2025

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/WAS/TS.2025/3
cepal.citationThis publication should be cited as: Economic Commission for Latin America and the Caribbean (ECLAC), United States economic outlook: 2024 year-in-review and first half of 2025 (LC/WAS/TS.2025/3), Santiago, 2025.
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS2500512_en
cepal.regionalOfficeWashington
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngECONOMIC STATISTICS
cepal.topicEngMACROECONOMICS
cepal.topicEngECONOMIC GROWTH
cepal.topicEngEMPLOYMENT
cepal.topicEngINFLATION
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaESTADÍSTICAS ECONÓMICAS
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaEMPLEO
cepal.topicSpaINFLACIÓN
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL
dc.coverage.spatialEngUNITED STATES
dc.coverage.spatialSpaESTADOS UNIDOS
dc.date.accessioned2025-10-02T18:20:53Z
dc.date.available2025-10-02T18:20:53Z
dc.date.issued2025-10-02
dc.description.abstractIn 2024, the United States economy expanded 2.8%, led by consumer spending. Job creation slowed and the unemployment rate edged up to 4.1% in December. Inflation eased to 2.4% in September but closed the year at 2.9%, with the core consumer price index (CPI) at 3.2%. The Federal Reserve cut rates in September, November and December, lowering the federal funds target range to 4.25%–4.50%, while trade and fiscal deficits widened. In the first half of 2025, GDP growth averaged 1.4%, with a contraction of 0.3% in the first quarter and an uptick of 3.3% in the second. From January to July, the economy added 597,000 jobs —44% fewer than in the same period of 2024— and the unemployment rate rose to 4.2%. Inflation remained above target, with CPI at 2.7% and core CPI at 3.1% in July, while the Federal Reserve kept rates unchanged. United States economic and policy developments affected Latin America and the Caribbean in the first half of 2025, as external financing costs remained relatively high amid higher yields and tariff related uncertainty. The United States economic outlook reports follow the main macroeconomic developments of the United States economy and how they may affect financial conditions in Latin America and the Caribbean.
dc.formatTexto
dc.format.extent42 pages
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/WAS/TS.2025/3
dc.identifier.urihttps://hdl.handle.net/11362/82513
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngGROSS DOMESTIC PRODUCT
dc.subject.unbisEngINDUSTRIAL CAPACITY
dc.subject.unbisEngSALES
dc.subject.unbisEngLABOUR MARKET
dc.subject.unbisEngINFLATION
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngFOREIGN TRADE
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaPRODUCTO INTERNO BRUTO
dc.subject.unbisSpaCAPACIDAD INDUSTRIAL
dc.subject.unbisSpaVENTAS
dc.subject.unbisSpaMERCADO DE TRABAJO
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaCOMERCIO EXTERIOR
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.titleUnited States economic outlook: 2024 year-in-review and first half of 2025
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
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