Revisions cut US GDP in 2011 and 2012 GDP, add to 2013
- 2011 GDP revised to 1.6% from 1.8%
- 2012 GDP revised to 2.3% from 2.8%
- 2013 GDP revised to 2.2% from 1.9%
On the net, GDP rose at an average annual rate of 2.0% over that period compared to 2.2% before. That takes some of the shine off better Q1 and Q2 GDP but the market is more concerned with what happens in the future than what happened in 2011.