Q4 GDP 2010 was revised up to 3.1%. The 2nd revision was 2.8%, and the Q4 advance estimate was 3.2%. The strong upward revision to 3.1% is a result of a revision reduction in the negative GDP contribution changes in private inventories made and a upward revision in nonresidential investment. Here are the BEA GDP releases and website.
Q4 GDP 2010 was revised down to 2.8%, from the 3.2% advance report. The strong downward revision is a result of more imports coming into the U.S. than originally estimated, a reduction in government expenditures and a smaller reduction in personal consumption expenditures. Here is the original BEA GDP release.
Warren Buffett’s concept to significantly reduce USA’s trade deficit.
I’m a proponent of a proposal that was introduced to the Senate in 2006. Trade deficits are always detrimental to a nation’s GDP. Trade deficit’s detriment to the GDP exceeds the amount of the deficit itself. The GDP bolsters the median wage.
Q3 GDP 2010 was revised upward to 2.5% from 2.0%, a significant revision for gross domestic product. Real final sales, a measure of real demand in the economy, was 1.2%. Here is the actual report and here is the BEA press release.
Q2 2010 GDP was revised significantly down, to 1.6%. The advance report on Q2 2010 GDP was 2.4%. Here is the actual revised GDP report. That is an 0.8 percentage point revision, or one third lower GDP than the advance report.
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