BEA’s Second Estimate of GDP in the fourth quarter of 2022 (4Q 2022) shows GDP grew by an annual rate of 2.9% in 4Q 2022 and 2.1% for all of 2022. This is slight lower that the BEA’s Advanced Estimate that showed GDP grew by an annual rate of 2.9% in 4Q 2022 and 2.1% for all of 2022 see earlier posting. In a change, the revised data shows investment in R&D up by 1.7% whereas the earlier data showed a slight decline. The levels of investment in information processing equipment (down 27.5%) and software (up 14%) were not significantly changed by the new data.
The Intangible Economy 