As we expected, economic growth in the third quarter of 2012 was revised upward twice before being finalized at the end of December 2012, rising from the originally reported annualized growth rate of 2.0% to 3.1% in the BEA's third (and final for now) estimate for that quarter.
We had forecast that real GDP would be recorded at $13,602.8 billion in terms of constant 2005 U.S. dollars, and the BEA's third estimate came in at $13,652.6 billion - a difference of $49.8 billion, or within 0.04% of the BEA's...
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