GDP Growth Was Revised Down

Posted on November 22, 2011 by Tony Lima

The second estimate is in for the third quarter and — no surprise — GDP growth was revised down. The preliminary estimate had been 2.5 percent, but the revised estimate is 2.0 percent. Remember, you read it here first.

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.

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