Editor's PiCK
US Q4 GDP 2.4%...Exceeds Preliminary Estimate by 0.1%p
JOON HYOUNG LEE
Summary
- It was reported that the US GDP growth rate for the fourth quarter of last year exceeded the preliminary estimate, recording 2.4%.
- It was stated that this figure is 0.1 percentage points higher than the preliminary estimate announced last month.
- This is the final announcement, which can increase investors' confidence.
The economic growth rate of the United States in the fourth quarter of last year exceeded the preliminary estimate.
The US Department of Commerce announced on the 27th (local time) that the Gross Domestic Product (GDP) growth rate for the fourth quarter of last year was calculated at 2.4% (annualized rate compared to the previous quarter). This figure is 0.1 percentage points higher than the preliminary estimate (2.3%) announced at the end of last month.
The growth rate announced today is the final figure. The US Department of Commerce announces GDP in three stages: advance, preliminary, and final estimates.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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