Real gross domestic product (GDP) grew at an annual rate of 1.8 percent in the third quarter of 2011, according to today’s third estimate. This follows a growth rate of 1.3 percent in the second quarter of 2011.

grossdomesticproductthirdquarter2011thirdestimate_2.pdf

Real gross domestic product (GDP) grew at an annual rate of 2.0 percent in the third quarter of 2011, according to today’s preliminary estimate. This follows a growth rate of 1.3 percent in the second quarter of 2011.

gross_domestic_product_third_quarter_2011_second_estimate.pdf

Let’s go back in time by 2 months to August:  stock markets were reeling and fears of a double dip recession were being increasingly espoused (at least according to Google’s recollection) and a measure of consumer sentiment plunged.  However, a funny thing happened to those naysayers’ predictions: the economy continued to grow, clearly not strongly enough, but it continued to grow.  Consumers increased their spending, 

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Real gross domestic product (GDP) grew at an annual rate of 2.5 percent in the third quarter of 2011, according to today’s advance estimate. This follows a growth rate of 1.3 percent in the second quarter of 2011.

gross_domestic_product_third_quarter_2011_advance_estimate.pdf