Q1 GDP Revised Lower As Personal Spending Unexpectedly Prints Weakest Since Covid Of all the economic reports, the BEA’s periodic update of US GDP is the most useless because not only is it politically motivated, but it gets constantly revised so much that by the time we get a somewhat accurate description of how strong the economy is, it is already one – if not two quarters – later. Today’s second estimate of Q1 GDP – a quarter which ended almost two months ago – is just such an example. Moments ago the BEA reported that in Q1, US GDP… — Continue at ZeroHedge News : Read More
