GDP Growth Remains Weak.
GDP (3rdQ2012)
– Inflation Adjusted (real) GDP quarter/quarter was +2.0%.
Note that this was subsequent to adjusting the previous quarter’s growth down to 1.3%.
This is weak considering how far we are into a recovery.
Later today I will be publishing here a piece by Rick Davis of Consumer Metric Institute which points out that BEA does a poor job in reporting accurate GDP.