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Economic News, Data and Analysis

GDP Revision

It looks like the BEA has completed their comprehensive revision to the GDP data…
The “big news” is that 200Q3 GDP growth was a slight negative (-0.5%) rather than a slight positive. Clinton-bashers are claiming this as evidence that the recession started pre-Bush.
However, 2000Q4 GDP growth was revised from 1.1% to 2.1% indicating that Bush inherited a stronger economy than previously thought.
Here are all the details about the revision.

Bureau of Economic Analysis: National Economic Accounts
This page has been temporarily changed to reflect the 2003 Comprehensive Revision of the National Income and Product Accounts (NIPAs). This revision replaces all previously published NIPA estimates. The December 10, 2003 release provided estimates from 1929 through the second quarter of 2003. The estimates for the third quarter of 2003 on the revised basis will be released at 8:30 am on December 23, 2003. The following information is currently available. As additional estimates become available, this page will be updated. Please see the release schedule for additional information.

Filed under: Data

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