By the Blouin News Business staff

Posts Tagged: Economics

U.S. GDP: pick a number, any number

by in U.S..
Containers at Port of Long Beach, California
U.S. GDP contracting or expanding; Photo Credit: AFP/Getty Images/Robyn Beck

Lies, damn lies and statistics. The advance reading of fourth-quarter U.S. GDP caused a shock when it was released on January 30. The reported contraction in the American economy of 0.1% at an annual rate caught almost every economist by surprise. And that, maybe, is because it never happened.

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