December 22, 2022
GDP IS ALWAYS REVISED UPWARDS, OFTEN OVER DECADES:
Consumer Services Push Revised Third Quarter GDP Higher (Bob Hughes, December 22, 2022, AIER)
Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in the second quarter and a -1.6 pace in the first quarter (see first chart). Over the past four quarters, real gross domestic product is up 1.9 percent.
Posted by Orrin Judd at December 22, 2022 6:50 PM