The first report on fourth quarter GDP came in at a robust 5.7%.

The increase in real GDP in the fourth quarter primarily reflected positive contributions from
private inventory investment, exports, and personal consumption expenditures (PCE).  Imports, which
are a subtraction in the calculation of GDP, increased. The acceleration in real GDP in the fourth quarter primarily reflected an acceleration in private
inventory investment, a deceleration in imports, and an upturn in nonresidential fixed investment that
were partly offset by decelerations in federal government spending and in PCE.

So why didn't the financial markets respond more positively? Because 3.4% was due to declining inventories, viewed as a one time event. So most think the more useful GDP number is the 2.3% after the inventory adjustment. Not a great growth rate, but far better than earlier 2009 results.

What is the impact on Maui real estate? Not much directly, but economic growth is always good news.