Research >> Economics
2Q2009 GDP final estimate -0.7%
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 0.7 percent in the second quarter of 2009, (that is, from the first quarter to the second quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 6.4 percent.
Posted: September 30, 2009 Wednesday 08:30 AM