Saturday, February 26, 2011

We're being lied to: GDP economic growth revised sharply lower

theblogprof: We're being lied to: GDP economic growth revised sharply lower
"...Gross domestic product, the broadest measure of economic activity, was revised lower to an annual growth rate of 2.8% in the three months ending in December. The initial reading had been for a 3.2% growth rate in the period.

That's a surprising dip, given that economists were expecting the rate to be revised upward to 3.3%."

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