In Q4 2024, US growth remained solid (+0.6% after +0.8%). Household consumption was the main driving force behind economic activity (+1.0%), bolstered by a still dynamic labour market, purchasing power gains and a further decline in the savings ratio. Residential investment rebounded significantly (+1.3% after -1.1% in the summer). Conversely, non-residential investment contracted (-0.8% in Q4), partly because strikes in the aeronautics sector delayed deliveries, which also weighed on exports (-0.1% in Q4, after +2.3% in Q3). Imports also declined (-0.3% after +2.6%). Over 2024 as a whole, growth reached +2.8%, after +2.9% in 2023, driven by robust domestic demand: private consumption grew at a sustained pace (+2.8% after +2.5%), as did public demand (+3.4% after +3.9%), residential investment rebounded after two years of decline (+4.2% after -8.3%) and productive investment remained very dynamic (+3.6% after +6.0%). Foreign trade, for its part, hampered US growth, with the increase in imports (+5.4%) exceeding that in exports (+3.3%)...