Archived Content

The Top Line: 1 Percent GDP Growth in Fourth Quarter of 2015

Feb 26, 2016

The U.S. economy grew by 1.0 percent in the fourth quarter of 2015, the Commerce Department announced today, revising its estimate up from 0.7 percent. The growth is down from 2 percent in the third quarter. Modest growth in consumer spending and strong residential investment were partially offset by a reduction in business investment and exports. Despite a slowdown in the second half of 2015, economic growth averaged 2.4 percent for the full year – the same growth rate as 2014 and above the 2.1 percent average rate for the six years following the recession.

 

We use cookies to give you the best experience when using our website. You can click “Accept” if you agree to allow us to place cookies. For more information, please see our Cookie Notice.