4q Gdp

[jyl]

4Q GDP growth (annualized) slowed to +0.6% (advance estimate), from +3.9% in 3Q. This is a very rapid slowdown.

Helped by consumer spending, state/local spending, commercial construction, exports. But the "helps" decelerated from 3Q - e.g. exports grew +4% in 4Q after +19% in 3Q. Hurt by federal spending, inventories, residential construction.

Inflation accelerated. Real GDP growth was negative in 4Q.

Details here
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

[island911]

You seem delighted to report this development.

Times have been too good, too long, eh?

[jyl]

I gather some people still think the economy is hunky-dory.