Q4 2022 GDP report is out. The US economy grew at a 2.9% annual rate in Q4 2022. For the full year, the inflation-adjusted real GDP grew 2.1% in 2022 vs. 5.9% in 2021. Nominal GDP grew 9.2% in 2022 vs. 10.7% in 2021. The increase in real GDP reflected increases in private inventory investment, consumer spending, federal government spending, state and local government spending, and nonresidential fixed investment that
1/26/2023: Q4 GDP Up 2.9% Annualized
1/26/2023: Q4 GDP Up 2.9% Annualized
1/26/2023: Q4 GDP Up 2.9% Annualized
Q4 2022 GDP report is out. The US economy grew at a 2.9% annual rate in Q4 2022. For the full year, the inflation-adjusted real GDP grew 2.1% in 2022 vs. 5.9% in 2021. Nominal GDP grew 9.2% in 2022 vs. 10.7% in 2021. The increase in real GDP reflected increases in private inventory investment, consumer spending, federal government spending, state and local government spending, and nonresidential fixed investment that