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GDP Downgraded...Again

Jack630 Wrote: Sep 27, 2012 11:21 AM
Unexpectedly! It's amazing how GDP is always revised down never up...

The U.S. economy is hardly functioning and revised GDP numbers out today prove it. In August, economists estimated GDP growth at 1.7 percent. Today, that percentage has been brought down to just 1.3. From the Bureau of Economic Analysis:

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 1.3 percent in the second quarter of 2012
(that is, from the first quarter to the second quarter), according to the "third" estimate released by...