Strong consumption drives US GDP growth in fourth quarter
Growth was driven mostly by household consumption, which rose at an annualised rate of 4.2 per cent in the fourth quarter — well above consensus expectations of a 3.2 per cent rise, and above the ...
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CHART OF THE DAY: Without Government Spending, GDP Growth Would Have Been Less Than Half Of What It Was
Sans the 0.86% government spending boost, U.S. GDP would have grown by just 0.74% during Q2 of this year. This is shown by the right-hand bar below. Yes the economy is more complex than such ...