2.8%
The BEA revised Q3 GDP growth down to 2.8% from 3.5%. When the initial report came out, there was a lot of discussion of anything less than 3% being a complete disaster. Now that the number was revised lower, people are trying not to dwell on the past. That’s a fine idea. Let’s look toward the future. If we expected 3.5% growth in Q3 followed by 4% growth in Q4, but instead we revised Q3 down to 2.8%, we need 4.7% growth in Q4 to reach the same end.
