US Q1 GDP Revision Jumps To 2.0% QoQ On Net Trade Jump, Responsible For Almost All Of The 1.3% To 2% Increase (REAL Median Weekly Earnings DOWN -3.7% Under Bidenomics)
by confoundedinterest17 Welcome to why I am always dubious about Federally-reported economic numbers, like GDP. GDP was adjusted up to 2% QoQ for Q1. But what was the reason for the dramatic revision? Net trade was the biggest change: exports were revised from 0.58% to 0.86%, while imports subtracted only -0.28% from the bottom line …