• Contact Us
  • About Us
Sunday, June 1, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

US Revises Q4 GDP Growth Higher

metro by metro
March 28, 2024
in Economy
0
U.S. Economy Grows In Third Qtr Reversing Six-Month Slump

WASHINGTON, DC - JANUARY 10: In this handout from the White House, U.S. Vice President Joe Biden poses for an official portrait in his West Wing Office at the White House January 10, 2013 in Washigton, DC. (Photo by David Lienemann/The White House via Getty Images)

0
SHARES
0
VIEWS

 

 

Economic growth in the United States for the fourth quarter last year was revised up unexpectedly, government data showed on Thursday, helped by higher estimates of consumer spending and investment.

Read Also

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions

Subsidy,  FX Windows  Strangled Nigeria’s Future, Says Tinubu At Midterm 

GDP growth in the world’s largest economy was pegged at an annual rate of 3.4 percent in the final three months of 2023, said the Commerce Department in its latest report.

The figure was above both its first and second estimates of 3.3 percent and 3.2 percent respectively.

“The update primarily reflected upward revisions to consumer spending and nonresidential fixed investment,” said the Commerce Department.

But this was “partly offset by a downward revision to private inventory investment,” the report added.

ALSO READ:CBN Sells N1.64Tn In Treasury Bills As Higher Interest Rates Attract Investors

Full-year growth was still at 2.5 percent.

Analysts had generally anticipated the GDP estimates would remain unchanged at 3.2 percent, but the number exceeded expectations.

Although experts predicted consumer spending would cool as households depleted their savings from the pandemic period and as borrowing costs remained high, consumption remained resilient last year.

The US economy also defied predictions of a recession, fueling optimism that it is on the road to a “soft landing” where inflation comes down without triggering a damaging recession.

AFP

Previous Post

CBN Sells N1.64Tn In Treasury Bills As Higher Interest Rates Attract Investors

Next Post

Yango Delivery Launches Cargo Express to Improve Large Item Shipping Efficiency in Africa

Related Posts

Naira
Economy

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

June 1, 2025
Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions
Economy

Moody’s Upgrades Nigeria’s Rating To ‘B3’ On External Fiscal Positions

May 30, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Subsidy,  FX Windows  Strangled Nigeria’s Future, Says Tinubu At Midterm 

May 29, 2025
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
Economy

Oil prices Climb $1 As US Court Blocks Trump Tariffs

May 29, 2025
Next Post

Yango Delivery Launches Cargo Express to Improve Large Item Shipping Efficiency in Africa

Naira

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

June 1, 2025
OPEC

OPEC+ Oil Producers Stick To Guns With Another Big Hike For July

June 1, 2025
20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

May 31, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version