Posted on 11/22/2011 7:23:40 AM PST by Qbert
WASHINGTON (Reuters) - The U.S. economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter.
Gross domestic product grew at a 2.0 percent annual rate in the third quarter, the Commerce Department said in its second estimate on Tuesday, down from the previously estimated 2.5 percent.
(Excerpt) Read more at finance.yahoo.com ...
made obama look better
now revised.
Quite a stiff revision from 2.5% to 2.0%.
At the time Uncle Sugar announced 2.5%, I said that it would be revised up to .7% based off of several past quarter revisions...avg. of.
We can’t believe anything this government post.
Let me get this straight. According to the Obama administration, correcting an estimate that is overinflated by 25% is a slight revision?!!
Who are these economists that are continually wrong? Can we hire some new ones? A monkey with a magic 8 ball is more accurate.
a 205 revision is not a slight revision
20% sorry
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