{"id":184632,"date":"2012-02-29T21:38:00","date_gmt":"2012-03-01T02:38:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/02\/29\/gdp-up-by-3-annual-rate-in-4thq-of-2011\/"},"modified":"2012-02-29T21:38:00","modified_gmt":"2012-03-01T02:38:00","slug":"gdp-up-by-3-annual-rate-in-4thq-of-2011","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/02\/29\/gdp-up-by-3-annual-rate-in-4thq-of-2011\/","title":{"rendered":"GDP Up by 3% Annual Rate in 4thQ of 2011"},"content":{"rendered":"<p>That&#8217;s a <a href=\"http:\/\/www.bloomberg.com\/news\/2012-02-29\/u-s-economy-expands-at-3-annual-pace-greater-than-economists-estimated.html\">0.2% upward revision from the prior number<\/a>.<\/p>\n<p>It&#8217;s a decent number, but it is not a recovery to trend, since <a href=\"http:\/\/www.tradingeconomics.com\/united-states\/gdp-growth\">GDP growth has averaged about 3\u00bc% over the past half century or so<\/a>.<\/p>\n<p>Treading water is what qualifies for good news these days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That&#8217;s a 0.2% upward revision from the prior number. It&#8217;s a decent number, but it is not a recovery to trend, since GDP growth has averaged about 3\u00bc% over the past half century or so. Treading water is what qualifies for good news these days.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,992],"tags":[],"class_list":["post-184632","post","type-post","status-publish","format-standard","hentry","category-economy","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184632"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=184632"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=184632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=184632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=184632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}