[Economics] USA confirms that its economy grew by 2.1% in 2022, after final calculation

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He did not change the organism, therefore, the estimated growth of last year, although it did reduce that of the fourth year by one tenth compared to the third, from the estimated 0.7 to the confirmed 0.6.

The United States economy grew 2.1% in 2022, established by the Bureau of Economic Analysis (BEA), after the publication this Thursday of the final calculation on Gross Domestic Product (GDP).

He did not change the organism, therefore, the estimated growth of last year, although it did reduce that of the fourth year by one tenth compared to the third, from the estimated 0.7 to the confirmed 0.6.

It also modified its estimate of the annual growth rate in the fourth quarter, which it placed at 2.6, one tenth less than what was calculated in the second estimate and three tenths less than the initial figure calculated, a revision that reflects "revisions to the drop in exports and consumer spending," says the BEA.

He makes three estimates of GDP and the one published this Thursday is the definitive one.

These data are given, recalls the BEA, in a context of "moderate inflation, low unemployment, continued uncertainties in the supply chain and rising interest rates."

Although with growth much lower than that registered in 2021 (5.9%), the United States thus closes the year with 2.1% annual growth and leaves behind, for the moment, the fear of a recession.

 

Link: https://www.eleconomista.net/economia/EUA-confirma-que-su-economia-crecio-un-2.1--en-2022-tras-calculo-final-20230330-0023.html