Q4 GDP Revised Down To 2.2% From 5.0%: Full Breakdown

Zerohedge ^ | 2/27/15 | Tyler Durden

[Kartographer]

There was much hope that when Q3 GDP soared to 5%, primarily on the back of Obamacare spending recalendarization and a massive consumption/personal saving data revision, that the US economy would finally enter lift-off mode. Those hopes were reduced by about 60% when moments ago the BEA announced that Q4 GDP was revised from the original 2.64% print to only 2.18%, which while better than expected, was the lowest economic growth rate since the "polar vortex."

[Kartographer]

Even with such a harsh winter we are having the Summer Recovery rolls on!

[Signalman]

The Obama Administration, just like the old Soviet regimes cooks the books and lies to the people.

[VanDeKoik]

“Q4 GDP Revised Down To 2.2% From 5.0%”

Uh......that’s not a revision. That’s an ISIS-level beheading.

[skeeter]

Snort. Unexpected, I’m sure.

[RedMDer]

Without FR,
this thread would not be here.

March starts on Sunday!
FReepers, Let's GIT_R_DONE!

[ilgipper]

Just a rounding error, I am sure.

[JPG]

[TexasFreeper2009]

unexpected!

*drink!*

why do I get the feeling 8 years of financial data will have to be “revised” downward after Obama leaves office?

[Stevenc131]

The only folks who believe any of the phony numbers from this administration are the press and other leftists.

[Mad Dawgg]

So they were off by over 50%...

[Kartographer]

A whole new meaning to: "Close enough for Government work."

[Joe Boucher]

doing a great job there quota boy.

[VRWC For Truth]

Lies, damn lies, and fed propaganda.

[KC_Conspirator]

I am sick and tired of the lies about the economy.

[safeasthebanks]

The headline doesn't match the article. Qfour was revised down from 2.64 to 2.18.

QTHREE was 5%, and hasn't changed as far as I can tell from the article

[Kartographer]

I read it as the GDP job from the 3rd qtr’s 5% to 2.2% in the 4th qtr. after the 4th qtr. was revised.