Summary

• The primary driver of Q4’s anemic GDP growth had been the collapse in federal government expenditures and investment during the shutdown.
• Overall GDP, including government, trade, and change in inventories, grew by an annual rate of 2.0% in Q1, adjusted for inflation.
• Consumer spending rose by an annual rate of 1.6% in Q1 from Q4, adjusted for inflation.
• Private fixed investment accounted for 18% of the US economy and contributed 1.48 percentage points to the 2.0% GDP growth.

Consumer spending was OK-ish. Federal government spending spiked back partially after collapsing during the shutdown. Trade worsened.

The primary driver of Q4’s anemic GDP growth had been the collapse in federal government expenditures and

5.02K Followers