Real GDP for the fourth quarter of 2016 grew at a seasonally adjusted annual rate of 2.1%, according to the Bureau of Economic Analysis’s third estimate, up from the second estimate of 1.9%. The general picture of economic growth remains the same.
Real GDP grew at 1.6% in 2016, a slower pace than the 2.6% rate in 2015. The deceleration in real GDP reflected lower private inventory investment and nonresidential fixed investment, along with decelerations in PCE and residential fixed investment.
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