Officially reported as 3.5%, 2009 Quarter 3 GDP numbers were then revised to 2.8% several weeks later, as our national's gross domestic product did not grow as fast as originally measured. Several weeks later, economic growth was revised downward again to 2.2%, much of the gains coming from inventory replenishment and the one-time Cash-for-Clunkers auto rebate program.
With most recoveries from deep recessions, GDP growth on the other side of the valley approaches a positive 6 to 8%. It will be interesting to see what the current quarter economic growth numbers will be.
Showing posts with label downward revision. Show all posts
Showing posts with label downward revision. Show all posts
Sunday, December 27, 2009
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