US Economy Grows by 6.9% Annualised in Q4

US Real GDP grew at an annualised pace of 6.9% in Q4 2021, well above the median economist forecast for a pace of growth of 5.5%, according to the first estimate released by the US Bureau of Economic Analysis on Thursday. That marked a sharp acceleration from Q3’s 2.3% QoQ pace of growth. The GDP Price Index, which measures the annualised change in the price of all goods and services included in the GDP calculations, rose at a pace of 7.0% in Q4, above market expectations for a 6.0% reading. For the full year 2021, real US GDP growth was 5.7%, the strongest since 1984.

to be updated …