Friday, July 29, 2011

U.S. Economy Firing on No Cyclinders

As Calculated Risk points out:

Not only has growth slowed, but the recession was significantly worse than earlier estimates suggested. Real GDP is still not back to the pre-recession peak.
The chart below shows the rolling three year average contributions by consumption, investment, government, and net exports... all of which combine for a real GDP lower than the level seen three years ago.

Source: BEA

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