U.S. GDP Growth Rate Increased in Q4 2010
January 28 2011 by ChiefExecutive.net
The U.S. economy grew at an inflation adjusted 3.2% rate in the last quarter of 2010 vs. a 2.6% rate in the third quarter according to a preliminary estimate released today by the Bureau of Economic Analysis. The Bureau estimates that consumer spending grew at an annualized 4.4% rate in the fourth quarter as some holiday shoppers returned. Real GDP for the full year is estimated to have grown by 2.9% in 2010 vs. a decrease of 2.6% in 2009.
For more information, go to: http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm