Private Real GDP Grew at 3.4% in Q1, Twice the 1.76% Average Growth Rate Since 2000
April 27, 2012 at 10:40 AM EDT
The BEA reported today that the overall economy (real GDP) grew by 2.2% at an annual rate in the first quarter of 2012. However, the private components of GDP (personal consumption expenditures, gross private domestic investment, and net exports) grew by 3.4% from January-March, following a 4.6% increase in Q4 2011 (see chart above). In [...]
