The GDP Number May Be Too Good to Be True

The GDP Number May Be Too Good to Be True
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Don't get too excited over any reading that's much above the economy's true 2% underlying growth rate, says Morningstar's Bob Johnson.

Jason Stipp: Iâ??m Jason Stipp for Morningstar. We get the governmentâ??s first read on first-quarter gross domestic product Friday, but there's a lot going on under the surface of this number. Here to help clarify and provide some context for Friday's number is Morningstar's Bob Johnson, our director of economic analysis. Thanks for joining me, Bob.

Bob Johnson: Great to be here.

Stipp: We will get the first read on first quarter GDP on Friday. This is the first read. This number, whatever it turns out to be, is subject to change. Before we get into the details, why is this number subject to change? They don't have all the data yet, right?

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