Thursday, June 5, 2014

Growth of first quarter 2014 came in a negative 1% of revisions

Back in May, the initial first quarter GDP numbers were announced, with economic growth climbing a dismal .1%, and far below analyst expectations of 2.5 to 3%.  However, like most government models, the revised outcome would be much worse than the original numbers indicated.

On May 29, the revised first quarter GDP was publicized, and the results were a negative growth in the economy for the first time since 2011. In fact, according to all factors involved, if Obamacare premiums were not counted into the GDP models, then America would have experienced a negative 2% GDP in the first part of 2014.

Read more on this article here...