How much did the US GDP Grow By In The 4th Quarter?
U.S. GDP Grew By 5.7% In The 4th Quarter The U.S. Department of Commerce released its preliminary 4th Quarter GDP calculation today. It looks pretty good. GDP grew by a whopping 5.7% annualized pace during the quarter, the fastest growth the U.S. has seen since 2003. That’s the second quarter of positive income growth, and significantly better than the 3rd quarter’s 2.2% growth. Let’s dig into the report. First, a disclaimer: 4th quarter GDP may not have been 5.7%. In fact, it’s very likely it wasn’t. This is just the first estimate, and there are two more revisions to come before the number is final. You may recall that 3rd quarter GDP started at 3.5% in its first estimate, only to be revised downward twice, to eventually settle at a much more mild 2.2% rate. So let’s look at what makes up the 4th quarter’s growth. As it turns out, personal consumption actually did worse in the 4th quarter than the prior. It made up 1.4%, versus 2.0% in the 3rd quarter. Within that, goods did worse th
Jan 29 2010, 9:20 am by Daniel Indiviglio U.S. GDP Grew By 5.7% In The 4th Quarter The U.S. Department of Commerce released its preliminary 4th Quarter GDP calculation today. It looks pretty good. GDP grew by a whopping 5.7% annualized pace during the quarter, the fastest growth the U.S. has seen since 2003. That’s the second quarter of positive income growth, and significantly better than the 3rd quarter’s 2.2% growth. Let’s dig into the report. First, a disclaimer: 4th quarter GDP may not have been 5.7%. In fact, it’s very likely it wasn’t. This is just the first estimate, and there are two more revisions to come before the number is final. You may recall that 3rd quarter GDP started at 3.5% in its first estimate, only to be revised downward twice, to eventually settle at a much more mild 2.2% rate. So let’s look at what makes up the 4th quarter’s growth. As it turns out, personal consumption actually did worse in the 4th quarter than the prior. It made up 1.4%, versus 2.0% in the 3r
The U.S. Department of Commerce released its preliminary 4th Quarter GDP calculation today. It looks pretty good. GDP grew by a whopping 5.7% annualized pace during the quarter, the fastest growth the U.S. has seen since 2003. That’s the second quarter of positive income growth, and significantly better than the 3rd quarter’s 2.2% growth. Let’s dig into the report. First, a disclaimer: 4th quarter GDP may not have been 5.7%. In fact, it’s very likely it wasn’t. This is just the first estimate, and there are two more revisions to come before the number is final. You may recall that 3rd quarter GDP started at 3.5% in its first estimate, only to be revised downward twice, to eventually settle at a much more mild 2.2% rate. Sources: http://business.theatlantic.com/2010/01/us_gdp_grew_by_57_in_the_4th_quarter.
