HE gross domestic product (GDP) United States of America It grew by 0.7% in the fourth quarter of 2022 and by 2.1% throughout the year, Based on a second estimate of data released by the Bureau of Economic Analysis (BEA, for English acronym).
Thus, the world’s largest economy After rising 0.8%, it reduced its growth by a tenth in the third quarter of 2022.
Likewise, the 2.1% growth for the whole of 2022 was well below the 5.9% corresponding to 2021.
US GDP growth despite slowdown observed in the last quarter of 2022. Far exceeding the 0.1% recorded in the euro areaAs well as 0.2% from Japan and the UK recession.
In fully annualized terms, which is the BEA’s preferred method of presenting data, United States GDP grew 2.7% in the fourth quarter, two-tenths below the initial estimate and half a percentage point below the third quarter expansion.
“Growth came amid suppressed inflation, low unemployment, continued supply chain uncertainties and rising interest rates”office registered.
In this context, he noted that the slowdown in real GDP in the fourth quarter compared to the third quarter mainly reflected the decline in exports and consumer spending, as well as the weakening in non-residential fixed investment and government and local government expenditures.
These movements are partly offset by recovery in private investment in stocksHe added that there was a smaller decline in residential fixed investment and an acceleration in federal government spending.