Relevant:
- U.S. Growth at End of 2013 Is Revised Downward (BIG-TIME!)
- BEA Reports 1Q-2011 and "Great Recession" Far Worse Than We Had Been Previously Told
- First-quarter economic growth revised down to weak 1.8% from 2.5%
- BEA Lowers Second Quarter GDP Growth Rate to Below 1%
- U.S. Added Only 160,000 Jobs Last Month as Brisk Hiring Slowed
2012-05-31 — hotair.com
The Commerce Department released its second estimate of economic growth in the first quarter, and as expected, the number got revised downward. The advance report a month ago showed Q1′s annualized growth number at 2.2%, down from 2011Q4′s 3.0%, a significant drop, but the second estimate pegs Q1 growth even lower at 1.9%
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