Are official GDP growth statistics wrong?

[bullmoose88]

Recent government figures show that the U.S. is not in a recession, and is in fact grew at an annualized rate of 1.9% last quarter. I've heard many people assert for various reasons that this data is artificial, inflated for political reasons etc.

So if you have any data showing negative growth in the U.S. economy, or reasons for why the calculations used to determine GDP is flawed, please share them.

I didn't see, but did they say real GDP or just GDP?  I forget the general policy for reporting GDP, one would think they'd adjust for inflation and thus the GDP would be the real GDP, but I wouldn't be surprised if they just reported the nominal figure.

[bullmoose88]

Recent government figures show that the U.S. is not in a recession, and is in fact grew at an annualized rate of 1.9% last quarter. I've heard many people assert for various reasons that this data is artificial, inflated for political reasons etc.

So if you have any data showing negative growth in the U.S. economy, or reasons for why the calculations used to determine GDP is flawed, please share them.

I didn't see, but did they say real GDP or just GDP?  I forget the general policy for reporting GDP, one would think they'd adjust for inflation and thus the GDP would be the real GDP, but I wouldn't be surprised if they just reported the nominal figure.

I'm pretty sure nominal rather than real GDP is what is used to calculate "official" recessions anyway.

GDP growth is generally overestimated consistently, but it's not a conspiracy. That's just the way it works.

That would help to explain why GDP growth is near 2%.