US GDP growth in real dollars is low (and trending down). It was 2.9% for Q1 2014 after the second official revision [1]. If it’s down again for Q2, we’ll be in a recession.
Just a nit, but to be clear...
1Q 2014 GDP #s (revised) growth rate was negative 2.9% (-2.9%).
The second sentence in the quote also implies as much, so I think the quoted text has an oversight/typo.
Just a nit, but to be clear...
1Q 2014 GDP #s (revised) growth rate was negative 2.9% (-2.9%).
The second sentence in the quote also implies as much, so I think the quoted text has an oversight/typo.
http://www.cnbc.com/id/101787838