Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

August 27, 2009

GDP Down 1% In Q2

The country's Gross Domestic Product (GDP) fell at an annualized rate of 1 percent during the first quarter, the U.S. Bureau of Economic Analysis said.

Although the relatively small rate of economic shrinkage was a marked improvement from the 6.4 percent plunge GDP took in the first quarter, the decrease does represent the fourth consecutive quarter of economic contraction in the United States.

Sign up for Enews

WBJ Web Partners

0 Comments

No More articles left

To read more, please
Login or Register (free)

 

To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy

Allow Cookies