Friday, May 29, 2015

Revising the GDP number

http://www.bea.gov/newsreleases/national/gdp/2015/gdp1q15_2nd.htm

1st quarter GDP number declared +0.2% on April 29th, 2015.
Today May 29th, the government revised the 1st quarter GDP number to -0.7%.

Does anyone else notice that the government nearly ALWAYS revises down the GDP number?

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