Along with the second quarter GDP report the BEA also published the results of its regular revision of the last five years of data. The most significant revision was to the measure of price changes in the high tech arena. This showed that business investment had been somewhat stronger than previously reported, but it only had a very minor impact on real GDP growth. The chart shows the year-over-year growth in real GDP over the 2012 to 2017 period with the revised data. I doubt if you will see this data published by the Republicans.
Topics:
Spencer England considers the following as important: US/Global Economics
This could be interesting, too:
Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications
Bill Haskell writes From the Middle Out and Bottom Up
Bill Haskell writes US-China Decoupling
Ken Melvin writes Public vs Private Wealth – Breaking Free
Along with the second quarter GDP report the BEA also published the results of its regular revision of the last five years of data. The most significant revision was to the measure of price changes in the high tech arena. This showed that business investment had been somewhat stronger than previously reported, but it only had a very minor impact on real GDP growth.
The chart shows the year-over-year growth in real GDP over the 2012 to 2017 period with the revised data. I doubt if you will see this data published by the Republicans.