U.S. economy didn’t grow as fast as we were told from 2012 to 2014

Marketwatch reports:

The U.S. economy grew somewhat more slowly from 2012 to 2014 than previously estimated, according to a new government approach to gross domestic product that addresses flaws in how the report is produced.

The U.S. expanded at average 2% rate each year from 2012 to 2014 instead of 2.3% as reported under the old method of calculating GDP, the Bureau of Economic Analysis said. GDP reflects the value of all goods and services produced by the U.S. and is viewed as the best general measure of a nation’s economic health.

In short, the slowest U.S. recovery since the end of World War II is even weaker than everyone thought.

No word yet on this from Nancy Pelosi.