I'm trying to practice reading economic data from FRED and BEA websites, but they seem to be providing conflicting data that I cannot understand at all. For example, looking at Real GDP percentage change quarterly...
Real Gross Domestic Product | Quarterly | Percent Change
- Q4 2019: 0.52%
- Q1 2020: -1.28%
BUT on the BEA website over @ https://www.bea.gov/news/2020/gross-domestic-product-1st-quarter-2020-second-estimate-corporate-profits-1st-quarterBEA website
It it says:
- Q4 2019: 2.1%
- Q1 2020: -5%
How is this possible!?!?!?! There must be something super obvious I'm missing?