• Print
  • Email

Chicago Fed Letter, No. 235, February 2007
Economic Outlook Symposium: Summary of 2006 Results and Forecasts for 2007
So how did the U.S. economy perform over the past year? Real gross domestic product (GDP) growth was 1.8% in the fourth quarter of 2005. Growth in this quarter was held down by a sharp reduction in energy production following Hurricanes Katrina and Rita and a significant drop in vehicle sales that followed the surge in the summer from “employee pricing” incentive programs by the Big Three automakers. Without the drag from these two events, GDP growth surged to 5.6% in the first quarter of 2006.
Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2024. All rights reserved.

Please review our Privacy Policy | Legal Notices