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Can 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 underst
by elicash 3y ago
Can 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).