Real GDP for the fourth quarter of 2016 grew at a seasonally adjusted annual rate of 1.9%, according to the Bureau of Economic Analysis’s revised estimate, unchanged from the advance estimate. The general picture of economic growth remained the same.
Real GDP grew at 1.6% in 2016, a slower pace than the 2.6% rate in 2015. The yearly increase was due to positive contributions from PCE, residential fixed investment, state and local government spending, and exports that were partly offset by negative contributions from private inventory investment and nonresidential fixed investment.
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