GDP growth in the fourth quarter of 2010 was, if not amazing, at least reasonable. GDP growth in the first quarter of 2011 was not. Chad Stone graphs what changed:
And note that the reduction in government spending was, too some degree, accidental. That?s mostly the Defense Department delaying some investments. If we decide to start cutting spending in a more determined fashion, we?ll learn that that line can dip a lot lower.
Source: http://feeds.washingtonpost.com/click.phdo?i=47d177d09088cfb069035944aba014d8
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