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Obviously, these estimates are moving targets, and will be revised again, but they do give a sense of where expectations lie today.
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Indeed, if the GDP revision holds (it may be revised again), America will not have had a recession in the technical sense of two declining quarters of output.The bulls are getting ahead of themselves, says Ben Rudd, an analyst at HSBC.
The decision could be revised again as the court examines further evidence.
Dividing up the surplus will be made easier by two factors: the near-certainty that the surplus projection will be revised upward again, and the likelihood that the economy has slowed to a point where fiscal stimulus would no longer have to be offset by higher interest rates.
The G.D.P. data released Wednesday will be revised on Aug. 29 and again on Sept. 26, incorporating additional information not yet available (the New York Fed provides a calendar with economic data releases).
"It will be revised down.
There are promises it will be revised.
"Relations with Turkey will be revised completely.
More than likely, this figure will be revised up.
The remaining 218 maps will be revised over the next 15 months.
It will be revised next year after a more rigorous examination.
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