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GDP Growth Revised Upward

Posted on August 28, 2008

Reactions to today's announcement that second quarter GDP growth has been revised upward from 1.9 percent to 3.3 percent:A booming economy?, by Andrew Leonard: The Department of Commercehas revised its figures for second quarter GDP growth rate to 3.3 percent, up from the previously reported 1.9 percent, and a significant rise from the first quarter's 0.9 percent growth rate. 3.3 percent GDP growth rates are not normally associated with recessions. One early reaction: Ha ha ha. And if you believe that data, I also have a bridge for sale in Brooklyn. -- The Big Picture. The Economist's Free E...

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deficit , demand , economy