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Thursday, February 29, 2024

US GDP Q4 2023 Update.

US had revised its Q4 2023 GDP growth to 3.2%.  Let's see what had changed.


Previous Q4 2023:
Q4GDP Growth (3.3) = 0.56 (G)+0.38 (I)+1.91 (C)+0.43 (NE) = 3.28(3.3)

Current Q4 2023:
Q4GDP Growth (3.2) = 0.73 (G)+0.17 (I)+2 (C)+0.32 (NE) = 3.22(3.2)

From the revision, we can see that Investment(I) and Net Export(NE) had declined while Government spending and Consumption had increased.

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