Q1 GDP Growth Revised to 2.4%

The government revised the first-quarter GDP report down to 2.4% growth from the initial estimate of 2.5%. Obviously, that’s not a very big adjustment. We’re also starting to get some distance from Q1. We’re already two-thirds of the way through Q2.


This is a frustratingly low number, though some the details below the surface are encouraging. I’m also glad to see that there’s some momentum to the economy. Growth this year should surpass last year’s growth rate. We haven’t had back-to-back quarters of GDP growth topping 2.4% since 2007.

Posted by on May 30th, 2013 at 10:16 am

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