29 February 2012
GDP Up by 3% Annual Rate in 4thQ of 2011
That's a 0.2% upward revision from the prior number.
It's a decent number, but it is not a recovery to trend, since GDP growth has averaged about 3¼% over the past half century or so.
Treading water is what qualifies for good news these days.
It's a decent number, but it is not a recovery to trend, since GDP growth has averaged about 3¼% over the past half century or so.
Treading water is what qualifies for good news these days.
Labels:
Economy
,
Statistics
0 comments :
Post a Comment