Final Q4 GDP Estimate Below Expectations But All Attention Now On Looming Recession

While it’s ancient history now, and attention is turning not so much to economic growth in the current quarter but rather what will happen in the near future now that the yield curve has inverted and a recession is imminent, moments ago the BEA reported its third and final estimate of Q4 GDP which came at 6.9%, just a fraction below the 2nd estimate and the consensus forecast of 7.0%.

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