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GDP Growth – USA and GER
GDP Growth Rates for the USA and Germany (2019 Q4) Although advance growth estimates were released previously, I preferred to wait for the third estimates for a healthier analysis – which are released on March 26. According to the US Bureau of Economic Analysis (BEA) real gross domestic production (GDP) increased at an annual rate of 2,1% in the third quarter of the year 2019. Compared to the same period of last year, the growth rate is 2,3%. The engines of growth are; positive contributions from personal consumption expenditures, private inventory investments, exports, residential fixes investment and federal/local government spending. At the above graph, I have plotted the percentage change…
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GDP Growth – USA and GER
GDP Growth Rates for the USA and Germany (2019 Q3) Although advance growth estimates were released previously, second estimates – which are released today – enable us to conduct a more confident analysis. According to the US Bureau of Economic Analysis (BEA), real gross domestic production (GDP) in the USA increased at an annual rate of 2,1% in the third quarter of this year. Last month’s advance estimate was 1,9% and complete data now shows that the economy is getting slightly better. The reason behind that is; positive contributions from personal consumption expenditures, private inventory investments, exports, residential fixed investment and federal/local government spending. At the above graph, I have…