GDP Variance Q309 3rd update
Dec 23

As expected, the Bureau of Economic Analysis has further revised the third quarter of 2009 downward, from 3.5 to 2.8 and now 2.2 percent.  Although the contribution of Cash for Clunkers has also been revised downward, from 1.66 percent to 1.45 percent, the automotive stimulus program now officially accounts for two-thirds of the reported Q3 growth.

GDPq107-q309

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