Real gross domestic product (GDP) grew at an annual rate of 3.0 percent in the fourth quarter of 2011, according to today’s second estimate. This follows a growth rate of 1.8 percent in the third quarter of 2011. Real GDP increased 1.7 percent from 2010 to 2011 overall.
Real gross domestic product (GDP) grew at an annual rate of 1.8 percent in the third quarter of 2011, according to today’s third estimate. This follows a growth rate of 1.3 percent in the second quarter of 2011.
Real gross domestic product (GDP) grew at an annual rate of 2.0 percent in the third quarter of 2011, according to today’s preliminary estimate. This follows a growth rate of 1.3 percent in the second quarter of 2011.
Let’s go back in time by 2 months to August: stock markets were reeling and fears of a double dip recession were being increasingly espoused (at least according to Google’s recollection) and a measure of consumer sentiment plunged. However, a funny thing happened to those naysayers’ predictions: the economy continued to grow, clearly not strongly enough, but it continued to grow. Consumers increased their spending,
