Q1 GDP Revised to 1.4%

This morning, the government revised first-quarter real GDP growth up to 1.4%. Last month, they revised it from 0.7% to 1.2%. The economy didn’t do well during Q1, but at least it’s not quite as bad as initially thought.

Here’s a look at quarterly GDP growth going back a few years:

I’m struck by how rapidly GDP growth has decelerated, meaning the rate of growth has slowed down. Beginning at the turn of the century, the rate of growth has been markedly slower. The Atlanta Fed now sees GDP growth coming in at 2.9%.

Posted by on June 29th, 2017 at 8:59 am

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