Revised figures bring the measures more in step, and partly solve the U.S. economic growth mystery. But the result isn't especially reassuring: Depending on your preferred metric, economic growth was weaker than previously thought.
has been the unprecedented divergence between two growth yardsticks that, historically, have been more aligned.bring the measures more in step, and partly solve the mystery. But the result isn't especially reassuring: Depending on your preferred metric, economic growth was weaker than previously thought.
The notable revisions were for gross domestic income . As the name suggests, the measure sums up all of the income in the economy — business profits, interest payments and wages. It initially painted a rosier growth picture.Lackluster gross domestic product didn't seem to square with the gangbusters labor market. That's why some economists were certain GDP would eventually be upwardly revised to better match GDI figures. That outcome hasn't materialized — for now, at least.
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