Growth in Gross Domestic Product fell to 2.2 percent in the first quarter of 2012 after increasing at a 3.0 percent annualized rate in the fourth quarter of 2011 and 1.8 percent in the quarter before that. Increased accumulation of private inventories accounted for 0.59 percentage points to total growth compared with 1.81 percentage points in the previous quarter, but final demand rose at a 1.6 percent annualized rate compared with 1.1 percent in the fourth quarter of last year.

gdp-2012-04-ge

For more, check out the latest GDP Byte.

 survey banner

subscribe today!

Site Maintenance

"The CEPR website currently takes longer to load than usual. We hope to have this and other issues addressed shortly. While this much needed site maintenance is taking place, our content is still available so please continue to slooowwwly surf the pages of our site. Thank you for your patience."