GDP Growth Slowed in Fourth Quarter

GDP Growth Slowed in Fourth Quarter

The US’s economy grew the same amount in 2015 as it did in 2014. According to a report released by the Bureau of Economic Analysis, real GDP increased 2.4% in 2015. “The slow down was a product of slower personal consumption expenditures than in Q3 and downturns in nonresidential fixed investment, in exports and in state and local government spending. The extent to which the economy did grow, however, was due to growth in PCE, residential fixed investment and federal government spending. These gains were restrained by slowing private inventory investment, exports, and nonresidential fixed investment. Imports, which negatively impact GDP, increased.”

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