GDP grows 2.6% in Q4, rate is lower than forecast

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US real gross domestic product grew at an annual rate of 2.6% in the fourth quarter, according to the “advance” estimate of GDP growth released today by the US Commerce Department. In the second quarter, real GDP increased 3.2%.

Bloomberg reported growth missed the median forecast of 3% in a Bloomberg survey and prevented the longest streak of 3%-or-better growth since 2005.

While the fourth-quarter figure broke a run of two quarters of above 3.0% growth, the fact that a 2.6% reading can be considered “below expectations” illustrates the current strength of the economy, according to Brian Schaitkin, senior economist at The

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