4Q 2010 GDP now set at 3.1%

Here we go again. BEA released the third estimate for 4Q GDP, revised upward to 3.1%. The second estimate was 2.8%, revised downward from first (“advance”) estimate of 3.2% (see earlier posting). This growth rate is closer to the earlier economic forecasts, as reported by the Wall Street Journal. Credit data on exports for the higher GDP number.

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