1st Quarter GDP Takes a Hit—And It Will Probably Get Worse

The Bureau of Economic Analysis yesterday reported its first (advance) estimate of first quarter gross domestic product saw the U.S. economy contract by nearly 5 percent as the effects of the coronavirus pandemic kicked in.

GDP Report Positive, BUT…

Real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter, according to the “third” (final) estimate by the Bureau of Economic Analysis.

4Q GDP Holds Steady at 2.1%

The Bureau of Economic Analysis yesterday reported its second (revised) estimate of real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter, unchanged from its first (advance) estimate last month.

4th Quarter GDP Up 2.1%

Real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter, unchanged from the third quarter, according to the first (advance) estimate released yesterday by the Bureau of Economic Analysis.