Fourth quarter GDP revised upwards but does it matter?

New figures from the Commerce Department released today, March 25, show that the U.S. economy grew at a 3.1% annual rate in the fourth quarter of 2010. Nice to have, I guess, but so much has changed for the U.S. economy since the end of 2010 that I don’t know that an upward revision in fourth quarter U.S. GDP growth means much of anything.

Is U.S. economic growth showing signs of slowing?

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...