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- W2915132992 abstract "Real GDP grew at an annualized rate of 0.6 percent (weaker than expected) in the fourth quarter of 2007, according to the advance release by the Bureau of Economic Analysis. This marked deceleration from the third quarter's growth of 4.9 percent primarily reflects a slowdown in private investment, personal consumption, exports, and federal government expenditures. Gross private domestic investment decreased 10.2 percent in the fourth quarter, as residential investment continued to lose ground, falling 23.9 percent in the fourth quarter after having fallen 20.5 percent in the third. Business inventories fell $34.0 billion during the quarter, after adding $24.8 billion last quarter. Exports decelerated from an increase of 19.1 percent in the third quarter to a gain of 3.9 percent in the fourth. Imports and federal government consumption were left virtually unchanged from a quarter ago, both series rising only 0.3 percent. Personal consumption rose 2.0 percent in the fourth quarter, compared to 2.8 percent in the third." @default.
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- W2915132992 date "2008-02-05" @default.
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- W2915132992 title "Real GDP Fourth-Quarter 2007 Advance Estimate" @default.
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