We are back in a technical recovery

By Edward Harrison On Jul 29, 2011

The latest batch of GDP numbers saw some heavy downward revisions to prior numbers, especially during the recession of 2008-2009. In fact, the GDP revisions were so extensive, they put us back in the ‘technical recovery’ phase i.e. where we are still below the previous 2007 Q4 real GDP peak.

Before the revisions, the GDP numbers suggested we had already hit the previous peak real GDP number in Q1.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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