The annual growth rate calculated in this third and final estimate of the gross domestic product (GDP) This amounted to 4.9%, three tenths lower than the previous estimate. Figures that in any case show a good pace of growth in the world’s leading economy.
And the growth, compared to the second quarter -that it was 0.5% quarterly and at an annual rate of 2.1% – has registered a significant acceleration and faces the end of the year with much more optimistic forecasts.
According to BEAHe grow of the third trimester was driven by the increase in all components of the GDPespecially for the private consumptionbut also for the private investments and for the improvement of exports. The imports They also went up.
What has become clear is that the restrictive policy of the Federal Reserve (Fed) It has not cooled the US economy as expected, but has succeeded in slowing inflation.
The last calculation of GDP It is known days after the Federal Reserve decided to maintain interest rates at the current level of 5.25% to 5.5%.
And they also meet at a time when the inflation According to November data, it is at 3.1% and continues to slow.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
