2005 Q1 GDP up 3.1%

Real GDP increased at an annual rate of 3.1% this quarter. This is less than the 3.5% estimate, but above the rate used for most economic and budget projections.

David Altig of macroblog writes:

I'm not sure I had ever contemplated what the day would look like when 3.1 percent growth was considered bad news, but now I know for sure.