Understated Inflation Produces 'Unreal' GDP Growth Double Real Growth
Written by Rick Davis, Consumer Metrics Institute
BEA Revises Second Quarter 2021 GDP Growth Upward to 6.56%
In their second estimate of the US GDP for the second quarter of 2021, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +6.56% annual rate, up 0.06 percentage points (pp) from their previous estimate and up 0.28pp from the prior quarter.
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