GDP 1st Qtr 2011 – Revised

I missed posting this a few days ago.  Bureau of Economic Analysis says first revision of the GDP estimate for 1st quarter 2011 was essentially unchanged from the initial "flash" estimate provided at the end of April.  The U.S. economy grew at approx. 1.8% annual rate. While the overall growth rate was unchanged, there was … Continue reading GDP 1st Qtr 2011 – Revised

5.7% Q4 2009 Real GDP Growth: Not What It Seems, Don’t Get Excited

The first estimate ('flash' estimate) of 4th quarter 2009 Real GDP growth came out Friday.  The headline number, a 5.7% annual growth rate certainly looks good and has gotten a fair amount of attention.  Unfortunately, the number is highly deceptive. First, this is only the flash estimate.  It will be revised next month and the … Continue reading 5.7% Q4 2009 Real GDP Growth: Not What It Seems, Don’t Get Excited