First Quarter 2010 GDP Post (Advance Estimate: An Annualized +3.2%; Windows 7 Recovery Continues)
Friday, April 30th, 2010Note: This post originally went up at 8:15 this morning. It has been updated since the GDP report’s release and will stay at the top for the rest of the day.
______________________________________
Well, this should be interesting. This is the first quarter after the “breakout” fourth quarter of 2009, which came in at an annualized 5.6% after revisions. The performance trailed post-recession “breakout” quarters during the Bush 43 and Reagan years.
An AP item I saw earlier this week but to which I don’t have a link had a prediction of an annualized +3.5% in its final paragraph. Also (again lacking link), Treasury’s Tim Geithner told one of the Sunday shows recently that the economy is growing at a faster pace than originally thought.
The core news story was at 


