New GDP figures
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Submitted by Econbrowser
How bad can things be with almost a 5% growth rate of the real economy?
The Commerce Department yesterday revised up its estimate of 2007:Q3 GDP. They now report that U.S. real GDP grew at a 4.9% annual rate during the quarter, up from the 3.9% figure in last month’s “advance” 2007:Q3 estimate. The key factors in the upward revision were higher estimates of inventory accumulation and U.S. exports.
