GDP - OK, so where are we?
Journalists and reporters often do not report news and facts very accurately, and their recent coverage of the GDP is no exception. GDP did NOT increase 2.4%: this was a calculated "annualized" rate; in fact, it went up 0.7% during Q3. So: 4 x 0.7% = 2.4%. I wonder how many reporters understand this.
There are any number of ways to shake 'n bake the data.
This is the raw data:
So, here are different ways to report the same data: MRQ 2.8%
I suggest that Fools disregard media reports about GDP, and bookmark this page: