How Is The Us Economy Doing In 2024. Gross domestic product rose at a 2.8 percent annual rate in the second quarter, new evidence of the economy’s resilience despite high interest rates. The fiscal deficit roughly doubled to $1.84 trillion—7.4% of gdp—in.

Now, another problem is emerging as a credible threat on the horizon:. Us gross domestic product (gdp) increased 1.9% in 2022 and another 2.5% in 2023.