Huge Japanese GDP Miss: 1.3% Revised Versus 4.8% Preliminary, 2.8% Consensus
And so Goldman will be forced to start revising its forecasts ever lower. Revised GDP came out at 1.3% versus preliminary annualized numbers of 4.8%. Now that's a miss that would make even the BLS and the D.C. propaganda bureau blush. Expectations were for 2.8% GDP.