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Keyword: 2012gdp

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  • The Pentagon's Timely Contribution to GDP (3rd Quarter 2012)

    11/05/2012 12:14:59 AM PST · by CutePuppy · 3 replies
    Barron's ^ | October 27, 2012 | Gene Epstein
    Gross domestic product grew an anemic 2.0% in the third quarter, up from 1.3% in the second quarter, with a surge in defense spending accounting for the gain. Data-conspiracy theorists, take note. The Bureau of Economic Analysis reported Friday that real gross domestic product in the third (July-September) quarter grew at an annual rate of 2.0%, up from 1.3% in the second quarter. That figure represents the last report card on GDP growth before the presidential election. It's also pretty dismal. At this stage in the economic expansion, a reading of 3% should be considered disappointing and 4% par for...