GDP Rises to 3.1% in Final Q3 Estimate, But the Main Drivers Won’t Last

By: Thursday December 20, 2012 10:00 am

The economy grew at a faster rate than expected in the third quarter, according to the final revision on GDP released today. GDP increased at a relatively healthy 3.1% clip in Q3, a step up from the 1.3% increase in the final revision in Q2. Both figures are annualized. The Bureau of Economic Analysis explains [...]

GDP Up 2.8% in Q4 2011

By: Friday January 27, 2012 7:36 am

The gross domestic product increased by 2.8% in the last quarter of 2011 boosted by sales of cars but hampered by austerity in government purchases over the final three months. The full year growth was only 1.7%, which as a release from the Economic Policy Institute says,”would not generate reliable declines in unemployment should it [...]