Advance Estimate Shows GDP up 2.6% in 4Q14

Summary

The first estimate for real GDP growth in 4Q14 showed a 2.6% QoQ SAAR gain, a notable slowdown from 3Q’s astonishing 5.0% but in line with expectations for a relatively healthy quarter. Imports led the way in 4Q14, up 8.9% following a slight decline in 3Q and hinting at increasing strength for domestic demand. Gross private investment jumped 7.4%, mostly reflecting a stronger push from residential to close out the year

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