GDP Growth and Household Finances
According to the preliminary estimate from the U.S. Commerce Department’s Bureau of Economic Analysis, real gross domestic product (GDP) rose at an annual rate of 4.4% for 2004:IQ, up from the advance estimate of 4.2%. Most of the revisions were minor; the most significant were modest increases in inventories and imported goods.
Suggested citation: "GDP Growth and Household Finances," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-06, pp. 10-11, 06.01.2004.