Real gross domestic product (GDP) grew at an annual rate of 1.9% in the first quarter of 2011, according to today’s third estimate. This follows a growth rate of 3.1% in the fourth quarter of 2010.
Real gross domestic product (GDP) grew at an annual rate of 1.8% in the first quarter of 2011, according to today’s second estimate. This follows a growth rate of 3.1% in the fourth quarter of 2010.
The second release of GDP for the first quarter came out this morning, and I want to focus today on two interesting components of this release – first, today’s look at corporate profits for the first time this quarter, and second, the revisions to the first (or “advance”) Q1 GDP estimate released last month. Let’s start with corporate profits.
Q1 GDP growth came in at 1.8 percent – about what was expected. So, what does this mean? Well, 1.8 is less than 3.1 (the growth rate posted in the last quarter of last year) and is less than the rate most think the economy will grow at for the remainder of 2011. Therefore, Q1 appears to be a little bit of a pothole/air pocket/pause… which begs the questions, what caused this pothole and how concerned should we be?
Real gross domestic product (GDP) grew at an annual rate of 1.8% in the first quarter of 2011, according to today’s advance estimate. This follows a growth rate of 3.1% in the fourth quarter of 2010.
