Thursday, August 8, 2024

On US GDP numbers

Bloomberg economist, Anna Wong, has an interesting twitter thread, showing 1Q 2001 GDP growth was  2.0% initially and then revised down to -0.6% 4 quarters later. 

Source: https://x.com/AnnaEconomist/status/1820894752759541778

She has an subsequent post (https://x.com/AnnaEconomist/status/1820922117518442501), saying that policymakers need to consider that the economy is slowing down more than the data appear. 

(Of note, 2Q 2024 US GDP growth is 2.8% annualised now.)


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