5% GDP growth in the third quarter hasn't been revised down - congrats, America!
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REUTERS/Mike Blake
A country music fan cools off in the wind on the second day of the Stagecoach country music festival in Indio, California April 26, 2014.
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We did it!
The Bureau of Economic Analysis released its second estimate of real GDP growth for the fourth quarter. It was 2.2% on an annualized basis. That's pretty "meh."
The bigger deal, though, is that the BEA's third quarter estimate was unrevised. We're now pretty sure that the economy grew at 5% over the summer. We could be just a hop, skip, and a jump away from boom times.
Congrats!
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