The drop in real GDP reflected a rise in imports and drops in exports and private fixed investment (PFI), the BEA reported. #NewsismyBusiness
U.S. Bureau of Economic Analysis shifts from traditional GNP to GDP, which merits discussion. #NewsismyBusiness
In its report, the BEA discussed the impact of the COVID-19 pandemic on the 2021 Puerto Rico GDP estimate. #NewsismyBusiness