[immadashell]

The GDP(2) comes in at +1.7% when the “experts” were expecting +1.0%. That's supposed to look good. HOWEVER, GDP(1) was revised from +1.8% down to +1.1%. If my math works I would say the “experts” were actually “right on” since their estimate could not anticipate or include the revision. There are “lies”, “damn lies”, and government statistics.

[Starboard]

HOWEVER, GDP(1) was revised from +1.8% down to +1.1%.
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That’s a downward revision of nearly 40%. If a similar revision occurs with Q2 it will be revised down to just 1% growth — even after redefining how the GDP is calculated (i.e., using a more generous method).