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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (40096)6/29/2001 9:46:50 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Some had expected that GDP will shrink..this last month in revision..

The final revision to first quarter GDP showed that the economy expanded by a paltry 1.2% during the quarter. This is 0.1% lower than the BEA’s previous estimate for GDP growth during the quarter. Weighing on the economy are declines in business fixed investment, inventory investment, and exports. The economy was able to grow during the quarter due to still healthy gains in consumer spending.
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