U.S GDP Q4 2011 Grew by 2.8%

The bureau of economic analysis published today its first estimate of the growth rate of the U.S. GDP in the fourth quarter of 2011:

According to the report, the growth rate of the real U.S GDP 2011 in the fourth quarter of 2011 reached 2.8%; during the third quarter (Q3 2011) the real U.S GDP grew by only 1.8%; thus the growth rate in the Q4 2011 was higher than in the previous quarter and was also the best performing quarter in 2011.

There were expectations for an increase in 2011’s last quarter growth rate; this figure should signal that the U.S. economy is slowly and steadily recovering from its recent years’ slowdown.

The chart below presents the development of the real U.S. GDP (Q-2Q) growth rate during recent years.

U.S. GDP 2011 Q4 update 2009-2011 US GDP first Q2011 (percent) January 2012

Currently, the American stock markets along with the major energy commodities prices such as crude oil prices are moderately falling; gold and silver prices are also declining:

Nymex (WTI) crude oil price, short term future (February 2012 delivery) is traded down by 0.18%, at $99.52 per barrel as of 14:14*.

Gold price, short term futures (February 2012 delivery) is traded at $1,722.20 per t oz. a $7.7 decrease as of 14:04*.

Euros to USD is currently traded slightly down at 1.3108 a 0.0095% decrease as of 14:14*.

(* GMT)

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