The 10Q2 Advance GDP Release: Cautionary Notes from Revisions

{ Posted on Jul 31 2010 by Menzie Chinn }
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Categories : Econbrowser, economic indicators, Money

The 2010Q2 advance GDP release has been covered by Jim, as well as others. [RTE/Izzo] [CEA] [FreeExchange/RA] [CR] [MA] The release was accompanied by an annual revision of data extending back to data for 2007Q1. This revision alters our understanding (or lack of understanding in the cases of certain people) of the evolution of this recession. Here are the points I gleaned.

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