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    Home » US Economy Grew Slightly More Than Anticipated in Q4
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    US Economy Grew Slightly More Than Anticipated in Q4

    February 24, 20221 Min Read
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    Slow down production in US. Drop in economy in US during crisis. US GDP logo next to graph down. Crisis in US banking system. Concept stock market panic led to a decrease in GDP. Financial recession
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    Gross domestic product grew at a 7% annualized rate last year, slightly above the previously reported rate of 6.9%.

    • The economy expanded at a 2.3% growth rate in the third quarter. Meanwhile, the economic momentum seems to have waned by December amid a strong headwind from Covid-19 infections.
    • The stronger than initially estimated GDP growth in Q4 primarily signaled upward revisions to non-residential fixed investment, state and local government spending, and residential fixed investment.
    • The upward revisions were partly offset by downward revisions to consumer spending and exports. 
    • The sharp increase in GDP in the fourth quarter was partly due to a significant increase in business inventories, which added 4.9 percentage points.

    The GDP growth also reflected an increase in exports and non-residential fixed investment that was partly offset by declines in government spending and an increase in imports.

    DXY up +1.20%, EUR USD down -1.37%

    Source: Bureau of Economic Analysis.

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