Wednesday, June 29, 2005

2005 Q1 GDP

The BEA reports that real GDP increased at an annual rate of 3.8 percent in the first quarter of 2005. After a 3.1% advance and 3.5% preliminary we have now arrived at the same final growth number as the previous quarter.

This revision means that the national debt burden has dropped from 64.6 to 64.2% of GDP since last month.


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