US GDP Expands as Initial Jobless Claims Fall

The video discusses recent economic indicators, focusing on jobless claims, GDP figures, and the price index. It highlights a decrease in jobless claims and a better-than-expected GDP growth of 2.9%. The durable goods orders, particularly Boeing's performance, are analyzed. Contributions to GDP from consumer and business spending, government expenditure, and trade are examined. The video concludes with a review of GDP trends and forecasts for 2023, noting potential surprises in economic performance.

What was the reported GDP growth rate that exceeded expectations?

• 3.5%

• 2.9%

• 1.5%

• 4.0%

Which company's performance significantly influenced the durable goods orders?

• General Electric

• Boeing

• Airbus

• Lockheed Martin

What was the contribution of consumer spending to GDP growth?

• 2.0%

• 0.5%

• 1.0%

• 1.4%

What was the trend in business spending during the fourth quarter?

• Dropped off

• Remained stable

• Increased significantly

• Increased slightly

What is the outlook for GDP growth in 2023 according to the transcript?

• Very strong

• Moderate

• Not strong

• Declining