I know that people will make political hay of this, but there is danger to managing to quarterly statistics. If your economy needs some adjustments to achieve long-run sustainability then it's possible that GDP may fall for a quarter or two and there's nothing wrong with that.
GDP is a great metric for long-term or inter-national comparison. It's terrible as a quarterly national management metric.
GDP is a great metric for long-term or inter-national comparison. It's terrible as a quarterly national management metric.