Real gross domestic product decreased at an annual rate of 0.9 percent in the second quarter–the second consecutive quarter with a decline–the Bureau of Economic Analysis said Thursday.
Tag: Gross Domestic Prcduct
4Q GDP Shows Subtle Signs of Slowing
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.
GDP Report Shows Chugging Economy
Hot, but not red-hot: the Bureau of Economic Analysis said its final estimate of first-quarter Gross Domestic Product showed an economy firing on all cylinders.
2nd Look at 1Q GDP Unchanged at 6.4%
Second verse, same as the first: The Bureau of Economic Analysis on Thursday said its second (revised) estimate of 1st quarter gross domestic product showed economic growth increased at an annual rate of 6.4 percent, unchanged from its first estimate in April.
Final 4Q GDP Sees 4.3% Increase
Real gross domestic product increased at an annual rate of 4.3 percent in the fourth quarter, according to the “third” (final) estimate released by the Bureau of Economic Analysis.
4Q GDP Second Estimate Slightly More Optimistic
The Bureau of Economic Analysis yesterday revised upward ever-so-slightly its second (revised) estimate of fourth quarter gross domestic product.
4th Quarter GDP Slows after Explosive 3Q Rebound
Gross domestic product increased at an annual rate of 4 percent in the fourth quarter, according to the “advance” estimate released yesterday by the Bureau of Economic Analysis.
3rd Quarter GDP Balances Out
The Bureau of Economic Analysis yesterday said its third (final) estimate of third quarter gross domestic product saw real GDP increase at an annual rate of 33.4 percent. This is up slightly from the first and second estimates that took place in October and November, respectively, and reflect more complete source data.
Revised 3Q GDP Unchanged at 33.1%
Meet the new gross domestic product—same as the old gross domestic product. The Bureau of Economic Analysis on Wednesday reported its second (revised) estimate of third quarter GDP was unchanged from its first estimate last month: in other words, after an unbelievably bad second quarter, the third quarter looks, in contrast, relatively brilliant.
MBA Chart of the Week: Indexed Levels of GDP
This week’s chart compares the 2008-2010 Great Recession (left), to the recent pandemic-driven recession (right), to illustrate the differences in consumer spending and in both nonresidential and residential investment.