Gross Domestic Product (GDP) rose 5.9% in 4th qtr 1993, the largest quarterly increase since 1988. Growth in all major industry sectors, high consumer demand and elevated capital investment all contributed to the increase. GDP growth will likely subside to 3% in 1st half 1994 because of consumer debt, tax increases and the effects of winter in the eastern states.
Gross Domestic Product (GDP) -- the total value of all goods and services produced in the United States -- increased at an annual rate of 5.9 percent during the fourth quarter of 1993. This was the largest quarterly ga