Wednesday, April 29, 2009

GDP in Second Straight Quarter of Decline

Real gross domestic product -- the output of goods and
services produced by labor and property located in the
United States -- decreased at an annual rate of 6.1 percent
in the first quarter of 2009, (that is, from the fourth quarter
to the first quarter), according to advance estimates
released by the Bureau of Economic Analysis. In the fourth
quarter, real GDP decreased 6.3 percent.

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