美国去年第四季度GDP增速放缓至1.4% 低于市场预期

Core Viewpoint - The U.S. economy showed a slower growth rate of 1.4% in Q4 compared to 4.4% in Q3, with overall growth for 2025 projected at 2.2%, down from 2.8% in 2024 [1][2] Economic Performance - In Q4, personal consumption expenditures, which account for about 70% of the U.S. economy, increased by 2.4% - Non-residential fixed investment rose by 3.7% - Residential fixed investment decreased by 1.5% - Government consumption and investment fell by 5.1% - Exports declined by 0.9% and imports decreased by 1.3% [1] Contribution to Economic Growth - Personal consumption expenditures contributed 1.58 percentage points to economic growth - Private inventory investment added 0.21 percentage points - Net exports contributed 0.08 percentage points - Government consumption and investment detracted 0.9 percentage points from growth [1] Impact of Government Shutdown - The federal government shutdown is estimated to have reduced the Q4 growth rate by approximately one percentage point, with specific impacts being difficult to quantify - The shutdown lasted for 43 days, marking the longest in U.S. history due to budgetary deadlock [1]