The WSJ Real Time Economics blog has an interesting post. Here is a graph from it:
Posts Tagged ‘consumption’
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Economists’ View Of The GDP Revisions
Posted by Tom Lindmark on February 27th, 2009
From the WSJ Real Time Economics blog, here are some comments on the revision to fourth quarter GDP: The surprise was a bigger than anticipated downward revision to consumption. Based on the retail sales figures, we had expected a marginal downward adjustment, but the revision was substantial, to a disastrous -4.3% from -3.5%. According to [...]
