What's the Difference Between Real GDP and Real GDP?

Although real GDP rose at a pace of 2.9% last quarter, it is roughly unchanged through the first three quarters of this year. Growth in consumer spending has slowed from last year's rapid pace reflecting lower real disposable income and tighter financial conditions. Activity in the housing sector has weakened significantly, largely reflecting higher mortgage rates. Higher interest rates and slower output growth also appear to be weighing on business fixed investment.

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