Saturday, November 26, 2011

Growth in GDP revised in the third quarter

This article talks about how GDP estimates is usually revised regularly by the government, which is something that I did not know before. Also the article talks about the third quarter growth rate is actually only two percent, which is lower than the 2.5% that was reported earlier. However, this is still a significant number compared to the second quarter's number of only 1.3% growth. Both consumer spending and corporate profits are up, which are two of the most important drivers of the GDP.

http://money.cnn.com/2011/11/22/news/economy/gdp_report/index.htm?iid=SF_E_River

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