2012-04-28globaleconomicanalysis.blogspot.it

The GDP deflator is reported to have averaged 1.2% annualized in the past 2 qtrs. Had the trend rate from '11 persisted, the deflator would have subtracted 2.6% annualized from real GDP, resulting in a 2-qtr. growth of real GDP of 0%.

ECRI's Achuthan would appear correct that a recession were imminent instead of looking like a dummy.



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