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To: ClearCase_guy
That's the reason they 'downgraded' Q1 from -1.7% to -2.9%. It gives them enough cushion to report positive growth in Q2. It goes something like this:

Actual numbers:
Q1 | -1.7%
Q2 | -1.1%
Total | -2.8%

Two consecutive quarters of decline = Recession


Revised numbers:
Q1 | -2.9%
Q2 | +0.1%
Total | -2.8%

One quarter decline followed by one quarter growth = No Recession

9 posted on 07/03/2014 8:26:31 AM PDT by Hoodat (Proverbs 29:2)
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To: Hoodat

I think that you are on to something.


14 posted on 07/03/2014 10:07:40 AM PDT by fhayek
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