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Politics : Liberalism: Do You Agree We've Had Enough of It?
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From: Justin C7/30/2010 9:44:40 AM
1 Recommendation  Read Replies (2) of 224748
 
Revised GDP sees deeper recession, slower upturn

GDP slows in second quarter to 2.4% annual rate

By Greg Robb WASHINGTON (MarketWatch) -- The U.S. economy lost momentum in the second quarter of the year. Real gross domestic product -- the inflation-adjusted, seasonally adjusted value of all goods and services produced in the United States -- rose at a 2.4% annualized rate in the second quarter, well below the average 4.4% increase over the last six months. The rate of expansion in the first quarter was revised up to a 3.7% rise compared with the prior estimate of a 2.7% increase. Much of the deceleration in the first quarter was due to the trade sector. The 2.4% increase in GDP was close to the 2.5% expansion expected by economists surveyed by MarketWatch.

marketwatch.com
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