Experts were predicting that the economy would grow 5.5% in the 4th Quarter 2009. It actually grew to 5.7% primarily due to positive contributions from private inventory investment, exports, and personal consumption expenditures. In the 3rd Quarter 2009, GDP grew 2.2%. Below are two graphs showing GDP change since the 1st Quarter 2008 to the 4th Quarter 2009.
The last advanced estimate was 3.5%, a whole 1.3 percentage points higher than the actual figure of 2.2%. That goes to show that you should be careful relying on advanced estimates for your investment decisions.
For the full story, visit http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
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