Latest News

BEA: Real GDP increased at 6.9% Annualized Rate in Q4

From the BEA: Gross Domestic Product, Fourth Quarter and Year 2021 (Advance Estimate)
Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.3 percent….

The increase in real GDP primarily reflected increases in private inventory investment, exports, personal consumption expenditures (PCE), and nonresidential fixed investment that were partly offset by decreases in both federal and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.
emphasis addedThe advance Q4 GDP report, with 6.9% annualized growth, was above expectations.

I’ll have more later …

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News