US economy gets a Hollywood makeover
By Robin Harding in Washington
The US economy will look different from July.
That is not because of a shift in its underlying prospects, but because of a comprehensive update to the national accounts by the Bureau of Economic Analysis, producing the most dramatic change to the way gross domestic product is measured in more than a decade, with preliminary estimates adding about 3 per cent to US GDP.
Keep reading: US economy gets a Hollywood makeover – FT.com.
See Zero Hedge's commentary: US GDP Will Be Revised Higher By $500 Billion Following Addition Of "Intangibles" To Economy.
