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Inventories grew at a $173.5 billion annual rate in the fourth quarter. GDP grew at a 6.9 percent annual rate in the fourth quarter, somewhat faster than had generally been expected. However, inventory accumulations were the main factor driving growth. Final demand grew at just a 1.9 percent annual rate, as inventories added 4.9 percentage More
The post GDP Jumps to 6.9 Percent in Fourth Quarter 2021, Driven by Strong Inventory Growth appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Dean Baker.