Real GDP, not so much...

These two graphs show the revisions for real GDP and PCE.

Click on graph for larger image in new window.

The recession was clearly worse than originally estimated (we suspected this already using Gross Domestic Income). 

In fact real GDP in Q2 2010 was lower than originally reported for Q1 2010. And annualized real GDP is still 0.85% below the pre-recession peak. This means that real GDP would have to grow at a 3.4% rate over the next four quarters to reach the recession peak by the end of Q2 2011.