US GDP grew 7% annualized in Q4

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US GDP grew 7% annualized in Q4

According to second estimate, US GDP grew 7.0% annualized in Q4. The increase in real GDP primarily reflected increases in private inventory investment, exports, PCE, and nonresidential fixed investment that were partly offset by decreases in both federal and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased. […]

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Source: US GDP grew 7% annualized in Q4