Fourth Quarter GDP Closes Out 2016 at 1.9%
Real GDP grew at a seasonally adjusted annual rate of 1.9% during the fourth quarter of 2016, according to the Bureau of Economic Analysis’s “advance” estimate, down from 3.5% in the third quarter. The deceleration reflected a dip in exports, a rise in imports, a deceleration of PCE, and a slowdown in federal government spending.