Home | News & Opinion | Q4 GDP growth unrevised at 2.2%

Q4 GDP growth unrevised at 2.2%

By
Font size: Decrease font Enlarge font
Q4 GDP growth unrevised at 2.2%

Final reading reflects cooling growth.

US estimated real gross domestic product increased at an annual rate of 2.2% in the fourth quarter, down from the original estimate of 2.6%, and unchanged from the second estimate, according to a Commerce Department report issued today.  This follows two quarters of strong growth, including a rate of 5.0% in the third quarter. 

Economists had previously expected a revision to 2.1%.

Growth was dampened in the fourth quarter by weak business spending and a widening trade deficit, offset by robust consumer spending.  Expectations for Q1 GDP growth have also been dampened by recent mixed economic data, causing the Fed and other analysts to curb their projections to under 2.0% for the quarter.

The full report can be found here.

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha