Saturday , 23 January 2021

Economic Growth Slows as GDP Expansion for Q4 Falls Short of Economists’ Predictions

By Tory Barringer

According to BEA, the slowdown mostly came from a rise in imports coupled with a decline in exports, a downturn in government spending, and decelerations in nonresidential fixed investment. Those weaknesses were offset by an upturn in private inventory investment and a pickup in consumer spending as falling gas prices left Americans with more discretionary income.

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