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Whoa! Whassup with That Big Negative Q1 GDP Revision?

Jared Bernstein | Posted 08.25.2014 | Politics
Jared Bernstein

Real GDP contracted at a 2.9 percent rate according to revised data released on Wednesday. That's contracted, as in went down. So, are we back in recession?

U.S. GDP In First Quarter Worse Than Previously Announced, Exposing Austerity Folly

Mark Gongloff | Posted 08.26.2013 | Business

A dramatic downgrade of U.S. economic growth in the first quarter revealed the economy's lingering weakness, exposed the folly of Washington's austeri...

Austerity Measures Pull Down U.S. GDP

Reuters | Posted 07.30.2013 | Business

WASHINGTON, May 30 (Reuters) - A drop in government spending dragged more on the U.S. economy than initially thought in the first three months of th...