Final Q4 GDP Comes In Pretty Much In Line With Expectations
Headline: 3.1% (annually for Q4)
Expectations: +3%
Analysis: Projections for Q4 GDP were lowered to a positive 2.8% at last revision. In Q3 2010, GDP was at a positive 2.6%.
This isn't much of a beat, but it's not another negative revision, so it's good news.
Markets are barely reacting to this, which indicates that this was pretty much as expected.
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See Also:
- This Morning's Durable Goods Number Will Bring A New Round Of GDP Revisions
- The Simple Reason The Fed Won't Hike Rates Despite All The Inflation
- Deutsche Bank Says The "Weakening Dollar Is Fueling Goods Inflation"
Source: http://feedproxy.google.com/~r/businessinsider/~3/RgeusPL4Avc/final-q4-gdp-2011-3
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