After two quarters in negative territory, real U.S. gross domestic product swung positive in the third quarter, according to the first (advance) estimate released by the Bureau of Economic Analysis Thursday.
Despite the potential impact of Omicron variant on the U.S. economy, fourth quarter gross domestic product clipped along at nearly 7 percent, the Bureau of Economic Analysis reported Thursday. But the numbers might not be all that they seem, analysts said.
U.S. Gross Domestic Product increased by 2.3 percent annually in the third quarter, a somewhat slower pace than the second quarter amid new COVID concerns, according to the third (final) estimate by the Bureau of Economic Analysis.