Friday, January 30, 2009

Flashback: Q4 GDP deflators

The BEA released their deflators today:

GDP deflator: -0.3 percent (I had predicted -3.3 percent)
PCE deflator: -5.7 percent (I had predicted -4.6 percent)
GPDI deflator: +0.5 percent (I had predicted -0.8 percent)

My nominal GDP prediction was close -- it's just that I saw the GDP deflator falling more. The experts saw the GDP deflator going up.

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