Microrecession?

Instead of the U.S. economy generating $13,444.3 billion (in 2005 U.S. dollars) of economic activity in the first quarter of 2011, it is actually 1.6% smaller than previously thought, having generated $13,227.9 billion (in 2005 U.S. dollars). This revision for the first quarter of 2011 marks the largest deviation from previously reported GDP data, coming in some $216.4 billion below the earlier recorded levels.