Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1% [View all]
Source: CNBC
Published Fri, Mar 13 20268:36 AM EDT Updated 23 Min Ago
Economic growth was much slower than expected in the final three months of 2025 while core inflation rose to start 2026, the Commerce Department reported Friday.
Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy, rose at a seasonally and inflation-adjusted annual rate of just 0.7% in the fourth quarter, according to the department's Bureau of Economic Analysis.
The first revision of the GDP reading was a sharp step down from the previous estimate of 1.4% and well below the Dow Jones consensus forecast for 1.5%. It also marked a considerable slowdown from the 4.4% gain in the prior period.
For the full year, GDP posted a 2.1% increase, or one-tenth of a percentage point lower than the previous reading. In 2024, the economy rose at a 2.8% pace. According to the BEA, the downward revision came due to adjustments in consumer and government spending and exports. A decline in imports, which technically subtract from GDP, also was less than the previous estimate.
Read more: https://www.cnbc.com/2026/03/13/fourth-quarter-gdp-revised-down-to-just-0point7percent-growth-january-core-inflation-was-3point1percent.html
From the source -
Link to tweet
@BEA_News
For all of 2025, the U.S. economy grew 2.1%, down from the 2.2% rate estimated a month ago.
https://bea.gov/data/gdp/gross
-domestic-product
#GDP
8:32 AM · Mar 13, 2026
Link to tweet
@BEA_News
The U.S. economy grew at a 0.7% annualized rate in Q4, down from the 1.4% rate estimated a month ago.
https://bea.gov/data/gdp/gross
-domestic-product
Image
8:48 AM · Mar 13, 2026
Article updated.
Original article -
Economic growth was much slower than expected in the final three months of 2025 while core inflation rose to start 2026, the Commerce Department reported Friday.
Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy, rose at a seasonally and inflation-adjusted annual rate of just 0.7% in the fourth quarter, according to the department's Bureau of Economic Analysis.
The first revision of the GDP reading was a sharp step down from the previous estimate of 1.4% and well below the Dow Jones consensus forecast for 1.5%. It also marked a considerable slowdown from the 4.4% gain in the prior period.
For the full year, GDP posted a 2.1% increase, or one-tenth of a percentage point lower than the previous reading. In 2024, the economy rose at a 2.8% pace.
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