Skip to comments.2011 GDP: 1.7% (Pathetic)
Posted on 01/27/2012 12:13:07 PM PST by Signalman
That's the final, pathetic growth number for 2011.
From the just-released GDP report:
Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.
The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.
(Excerpt) Read more at businessinsider.com ...
Unemployment checks and food stamps spur growth- N.Pelosi
“The economy is getting better”. And I have some prime Georgia swampland to unload at a very attractive price.
Are they still counting growth in Government spending as an increase in GDP?
1.7% ... and how much did the dollar deflate during that time?
in other words, if the GDP increase was less then the deflation rate, the US GDP effectively decreased
just another shell game, like the markets increasing ... after devaluing the dollar
How the heck did we get a 1.7% growth? Seems to me its got to be UNDER 0.5%.
Does anyone know if this is the normal timeline for release of these figures? Just a little suspicious.
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