No. 876: GDP Revision and the Business Cycle, February Household Income
Details of Economic Depression versus Recession, Recovery and Expansion
No Other Major Economic Series Comes Within Three Years of the
Headline Brevity of the GDP Collapse into 2009 and Recovery into 2011, or
Comes Close to Matching the Subsequent 12.2% GDP Expansion
Better-Quality Series Show Continued, Protracted Economic Collapse, with
No Recovery of Pre-Recession Highs and No Economic Expansion
Annualized Fourth-Quarter Real Growth in Gross Domestic Product
Revised to 2.08% from 1.86%
Fourth-Quarter Final Sales Growth (GDP net of Inventory Change)
Fell to 1.07% versus 3.02% in Third-Quarter 2016
Initial Reporting of Fourth-Quarter Gross Domestic Income at 1.00%,
Gross National Product at 2.88%
2016 Annual GDP Growth Still Was Weakest Since the Economic Collapse,
Both Before and After Inflation Adjustment
Broad Outlook Continues for Non-Recovering Activity and Economic Disruption
February Real Median Household Income Increased, Still Holding
Below its Pre-Recession High and Signaling Consumer Liquidity Stresses