4 ms·
this will get revised down; all the stats are optimistically released, then rounded down, then changed if still not good enough
by flybrand 3y ago
this will get revised down; all the stats are optimistically released, then rounded down, then changed if still not good enough
- elicash 3y agoCan you show some evidence that GDP is more frequently revised downwards than upwards in the United States? Coming out of an uncertain economic time, my understanding is that estimates tend to be more conservative.
- mdorazio 3y agohttps://www.bea.gov/gdp-revision-information https://www.bea.gov/gdp-revision-information A quick look through the last 8 quarters shows it's slightly biased in favor of revising upward (comparing advanced vs. second estimates).