GDP is expected to have grown by 2.1% in the fourth quarter according to economists.
GDP fell short of expectations once again.
The second print for the US gross domestic product in the fourth quarter of 2016 came in at a 1.9% annual rate according to the Bureau of Economic Analysis.
Economists expected the measure of the US economy to increase to 2.1%, but the measure did not budge from the initial print of 1.9% growth that was released in January.
Personal consumption grew by 3.0%, up from the initial 2.5% in the first print.
The initial print for the fourth quarter was a dramatic slowdown from the 3.5% growth in the third quarter, but was partly due to the impact of soybean exports on the data.
from pulse.ng - Nigeria's entertainment & lifestyle platform online http://ift.tt/2mAk9xk
via IFTTT
