Continuing my commentary on last Friday’s GDP release, here is a chart showing the revisions to real GDP growth.

It might seem like some quarters are up and some are down, in effect a wash. Despite that appearance, on net, the new measure implies that growth was slower during the 2007 through 2011 quarter . . . → Read More: The GDP Revision Chart

As we and other analysts have already mentioned, the GDP report released Friday indicates that growth was slower than we thought and inflation was higher than we thought during the 2007 to 2010 period.

2011 quarter 2 economic growth was 1.3 percent. Some details include:

• Consumption growth was essentially zero • The . . . → Read More: The 2011 Q2 GDP Report