Home > U.S. Economy Exceeds Expectations in Fourth Quarter

Business
U.S. Economy Exceeds Expectations in Fourth Quarter

Description

On Friday, reports said that the U.S. economy, boosted by stronger consumer spending, grew at a slightly faster rate in the fourth quarter than previously estimated. The Commerce Department added this week that the economy grew at a modest 1.4 percent annual rate in the October-December period which was better than the 1 percent growth rate estimated a month ago but still below the 2 percent annual growth for the July-September quarter. Most of the strength in the revision for last quarter came from an upward boost to consumer spending, particularly involving recreation. Exports also were not as weak as previously thought.

Added on the 25/03/2016 09:30:27 - Copyright : Wochit

To customise your video :

Generic export code

More videos on the subject

Argentina's GDP falls 9.9% in 2020 despite rising in the fourth quarter

Buenos Aires, Mar 23 (EFE), (CAMERA: Alberto Caratozzolo) .- Argentina's gross domestic product (GDP) registered an improvement of 4.5% in the fourth quarter of last year compared to the previous three months, but accumulated in 2020 a drop of 9.9%.

24/03/2021 - EFE Inglés
China 3rd quarter growth beats expectations

China beats analysts expectations but 3rd quarter GDP figures show the economy is still slowing. Katie Sargent reports.

19/10/2015 - Reuters EN
US Fed raises interest rates by a quarter-point

Fed Chair Jerome Powell announces a quarter-point raise in the US Federal Reserve's benchmark lending rate, "in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to two percent over time." SOUNDBITE

03/05/2023 - AFPTV - First images
Taurus Quarter Moon Conjunct North Node. A test of balancing expectations with reality. #shorts

Taurus Quarter Moon Conjunct North Node. A test of balancing expectations with reality. #shorts #quartermoon #moon #sunsquaremoon #lunar #lunation #astrology ️30% Off your 12-Month Horoscope Forecast & Life Road Map Reports + FREE Year 2023 Zodiac Booklets for General, Chinese and Vedic! https://store.patrickarundell.com/product/12-month-personal-horoscope-forecast-and-character-analysis-special-offer/ Please see the Subscribe form here to get your FREE Daily Horoscope... https://www.patrickarundell.com/subscribe Patrick Arundell Astrology I'd love for you to subscribe to stay connected Click the BELL icon and never miss another update...

27/01/2023 - Astrology Enterprises Limited
US Fed raises interest rate a quarter point amid high inflation

Federal Reserve Chair Jerome Powell announces a quarter-point increase in the benchmark interest rate to bring rising inflation under control, the first rate hike since the start of the Covid-19 pandemic. SOUNDBITE

16/03/2022 - AFPTV - First images
China's GDP slows to 4.9% in third quarter

Beijing, Oct 18 (EFE/EPA).- China's gross domestic product (GDP) grew 4.9 percent year-on-year in the third quarter, down from the 7.9 percent growth in the second, official data published Monday showed.The third-quarter growth is slightly lower than expected by analysts, who had forecast the economy to grow by around 5 percent.The growth eased to 0.2 percent in July-September from 1.3 percent in the second quarter. (Camera: WU HONG).SHOT LIST: PEOPLE WALK IN THE CENTRAL BUSINESS DISTRICT (CBD) IN BEIJING, CHINA.

18/10/2021 - EFE Inglés