This statement is false on its face. The first three quarters of 2001 were all characterized by negative GDP.
Table 1.2. Real Gross Domestic Product
[Billions of chained (1996) dollars] Seasonally adjusted at annual rates
Line | 1999 I |
1999 II |
1999 III |
1999 IV |
2000 I |
2000 II |
2000 III |
2000 IV |
2001 I |
2001 II |
2001 III |
2001 IV |
2002 I |
2002 II |
2002 III |
2002 IV |
|
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 8,733.2 | 8,775.5 | 8,886.9 | 9,040.1 | 9,097.4 | 9,205.7 | 9,218.7 | 9,243.8 | 9,229.9 | 9,193.1 | 9,186.4 | 9,248.8 | 9,363.2 | 9,392.4 | 9,485.6 | 9,518.2 |