- Analytics
- News and Tools
- Market News
- U.S. economy expands in line with forecasts in Q4
U.S. economy expands in line with forecasts in Q4
The Commerce
Department released on Thursday its "advance" estimate for the U.S.
gross domestic product (GDP) for the fourth quarter of 2020, which revealed the
U.S. economy grew in line with economists’ forecast in the reviewed period.
According to
the estimate, the U.S. real GDP rose at an annual rate of 4.0 percent q-o-q
last quarter, following a record growth of 33.4 percent q-o-q in the third
quarter, reflecting both the continued economic recovery from the steep
declines earlier in the year and the ongoing impact of the COVID-19 pandemic,
including new restrictions and closures that took effect in some areas of the
United States.
Economists had
expected GDP to expand by 4.0 percent.
According to
the report, the advance in real GDP in the fourth quarter reflected gains in
exports, nonresidential fixed investment, personal consumption expenditures
(PCE), residential fixed investment, and private inventory investment, which,
however, were partly offset by drops in state and local government spending and
federal government spending. Meanwhile, imports, which are a subtraction in the
calculation of GDP, rose.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
