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- W2887278888 abstract "According to the Bureau of Economic Analysis’s advance estimate, in the fourth quarter of 2010, GDP increased at an annual equivalent rate of 3.2 percent. Personal Consumption Expenditures (PCE) alone contributed a whopping 3 percent to this rate, as they grew by 4.4 percent in the quarter. The main drag on GDP growth came from changes in private inventory investment which, while marginally positive, dropped precipitously from their highest level in a decade in the third quarter of 2010. The growth in PCE was the big news, though. For 2010 as a whole its growth rate was 2.7 percent, the fastest over any four-quarter period since 2006." @default.
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- W2887278888 date "2011-02-03" @default.
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- W2887278888 title "Is Consumer Spending Really “Driving” the Recovery?" @default.
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