» For 2021, the increase in real GDP was revised up 0.3 percentage point, from 5.8 percent to 6.1 percent, primarily reflecting an upward revision to consumer spending.
For 2022, the increase in real GDP was revised up 0.6 percentage point, from 1.9 percent to 2.5 percent, primarily reflecting upward revisions to consumer spending and nonresidential fixed investment.
For 2023, the percent change in real GDP was revised up 0.4 percentage point, from 2.5 percent to 2.9 percent, primarily reflecting upward revisions to consumer spending, nonresidential fixed investment, and residential fixed investment.
For 2022, the increase in real GDP was revised up 0.6 percentage point, from 1.9 percent to 2.5 percent, primarily reflecting upward revisions to consumer spending and nonresidential fixed investment.
For 2023, the percent change in real GDP was revised up 0.4 percentage point, from 2.5 percent to 2.9 percent, primarily reflecting upward revisions to consumer spending, nonresidential fixed investment, and residential fixed investment.
New revisions show economy even stronger under Biden-Harris, while Trump would screw it up
In addition to the strong positive revisions in disposable income (which I detailed in this post), we found out this week that economic growth under the Biden-Harris Administration was even stronger than we already knew it to be. For 2019, the increase...
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