Are official GDP growth statistics wrong? (user search)
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  Are official GDP growth statistics wrong? (search mode)
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Author Topic: Are official GDP growth statistics wrong?  (Read 2998 times)
Beet
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« on: August 02, 2008, 02:30:28 PM »

Growth statistics are often wrong, but they obviously aren't made up for political gain. They do however usually get adjusted more than once. At least three of the quarters since 2000 currently classified as contraction were originally reported as expansion at the time. Since 2000, only one quarter (Q3 2001) was originally reported as contraction.
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Beet
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« Reply #1 on: December 02, 2008, 12:12:32 PM »


You don't understand. NBER uses its own methodology, not the two quarters of recession methodology. Quarterly growth is still listed as +1.9% for Q2 2008.
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