Economic conditions for small business remained strong in the fourth quarter of 2004, according to the Office of Advocacy’s newly released Quarterly Indicators: The Economy And Small Business. The report shows real gross domestic product (GDP) up 3.1 percent in the quarter and up 4.4 percent for the year.
“Economic conditions for small business continued to be strong in the fourth quarter of 2004,” said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. “And for the year, GDP growth of 4.4 percent is good news for small business. In the fourth quarter alone businesses added over 600,000 net new jobs. The outlook for the small business economy remains bright.”
(Source: SBA Office of Advocacy).
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