GDP History In One Lesson: 265 Quarters Since 1947; 18 Worse Than -2.9%; 1 Not DuringRecession

In light of the enlightening of the full-scale of the first quarter’s disaster, it seems fitting to calculate the FOMC’s growth target with this new information. The current “central tendency” is estimated between 2.1% and 2.3% for calendar year 2014. Given these revised figures, the target for average real GDP of $16.084 trillion, just to [...]
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