Third Quarter GDP–Less Than Meets the Eye

As is so often the case recently, the headline GDP number for the third quarter is less impressive once we look under the hood at the components. Real GDP increased at a 2.8 percent rate in the first estimate of the third quarter, a welcome increase from the 2.5 percent rate increase in the second [...]



via Bob McTeer's Economic Policy Blog http://economyblog.ncpa.org/third-quarter-gdp-less-than-meets-the-eye/