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February 01, 2004

My first economic question of the month

My understanding is that economic figures aren't considered sound for at least a year. Does this sort of attempt even make sense?

Growth Forecasts, Without the Wait
By DANIEL GROSS

Published: February 1, 2004

HE accusation that the Bush administration stifled internal debate on its tax-cut proposals wasn't the only surprise in "The Price of Loyalty," Ron Suskind's new book about the stormy tenure of Paul H. O'Neill, the former Treasury secretary.

Buried deep in the book was the news that the Treasury Department had developed a new and apparently effective means of forecasting economic growth as it was taking place.

Posted by P6 at February 1, 2004 10:37 AM
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