Wednesday, January 31, 2007

GDP Growth in 2006, Q4

The BEA made its advance GDP release for the fourth quarter of 2006. Real GDP grew at an annual rate of 3.5 percent, up from 2.0 percent in the third quarter. This is a respectable pace, though I wish more of what we were seeing were driven by investment rather than consumption. The personal savings rate remains negative.

No comments: