The Patriot Post® · GDP Revised Down

Quarterly GDP numbers are almost always revised as more information comes in, and the latest revision was a big one – downward. Previously, the Bureau of Economic Analysis had reported that GDP grew in the fourth quarter at an annualized rate of 3.2%, but now they’re reporting just 2.4% growth. That’s a significant slide from the third quarter when growth was 4.1%. And GDP growth for all of 2013 was just 1.9%, down from 2.8% in 2012. In other words, that stagnation feeling is pretty accurate as the economy remains in a holding pattern known as the Obama “recovery.”