U.S. Economy Growth in Q4

SOURCE www.breitbart.com
The U.S. economy in the final quarter of last year grew at a slightly slower rate after adjusting for inflation than previously estimated. GDP expanded at an annual pace of 3.2 percent, down from the initial estimate of 3.3 percent. Inflation rates were revised slightly upwards, with core inflation higher than originally estimated.

Key Points

  • GDP grew at an annual pace of 3.2 percent in the final quarter of last year
  • Core inflation rate was revised upwards to 2.1 percent
  • Consumer spending and business investment showed positive trends

Pros

  • GDP growth in the fourth quarter was higher before adjusting for inflation
  • Unemployment rate fell to 3.7 percent

Cons

  • Inflation appears to be on the rise again
  • Private investment growth rate was lower than expected