Without commenting on the substance of Tim's critique of the WSJ, it's not correct to say that the WSJ used the 4th quarter growth number. The budget shows -- as it always does -- an annual average (2022/2021) and 4th quarter over 4th quarter (which shows you what the economy grows in 2022 independent of how fast or slow it grew the previously year) Either is correct as long as it is labeled and one doesn't mix the comparisons.
Without commenting on the substance of Tim's critique of the WSJ, it's not correct to say that the WSJ used the 4th quarter growth number. The budget shows -- as it always does -- an annual average (2022/2021) and 4th quarter over 4th quarter (which shows you what the economy grows in 2022 independent of how fast or slow it grew the previously year) Either is correct as long as it is labeled and one doesn't mix the comparisons.