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Other recent reports has 2018 GDP at 3.1%


3 posted on 03/28/2019 5:26:54 PM PDT by newfreep ("INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - DAVID HOROWITZ)
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To: newfreep
Other recent reports has 2018 GDP at 3.1%

It looks like they're using two different measures.

If you compare the size of the economy in Dec. 2017 vs. Dec. 2018 you get the 3.1% growth rate.

If you compare the total output in CY2017 vs. CY2018 you get 2.9% growth.

The latter is the number used more commonly historically but both are perfectly valid measures.

5 posted on 03/28/2019 5:32:30 PM PDT by semimojo
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