Monday, May 30, 2011

Real Personal Income and GDP

real personal income less transfer payments is still 3.4% below the previous peak.

It appears that GDP bottomed in Q2 2009 and GDI in Q3 2009. Real GDP finally reached the pre-recession peak in Q4 2010, but real GDI is still slightly below the previous peak.

Using GDI, the economy will be back to the pre-recession peak in Q2 2011.


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