Don't let the supposed label of "third estimate" fool you into thinking that GDP is a very precise number. It is not. It is a very rough approximation of what is going on in the economy.
That said, real gross domestic product grew at an annual rate of just 1.7% in the second quarter of 2010, according to today’s third estimate. This follows a growth rate of 3.7% in the first quarter.
No comments:
Post a Comment