Q4 GDP: US economy expanded at 6.9% annualized rate, topping expectations
Why isn’t this the #1 story?
https://finance.yahoo.com/news/q4-gdp-us-economic-activity-recovery-192945002.html
U.S. gross domestic product (GDP) ramped up in the final months of 2021, with still-solid consumer spending helping stoke growth and offset early negative impacts from the Omicron variant's spread.
The Bureau of Economic Analysis (BEA) released its first estimate of fourth-quarter GDP on Thursday. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:
GDP quarter-over-quarter, annualized: 6.9% vs. 5.5% expected, 2.3% in Q3
Personal consumption: 3.3% vs. 3.4% expected, 2.0% in Q3
Core personal consumption expenditures, quarter-over-quarter: 4.9% vs. 4.9% expected, 4.6% in Q3
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Well done President Biden
