Research >> Economics
3Q2008 GDP preliminary estimate -0.5%
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 0.5 percent in the third quarter of 2008, (that is, from the second quarter to the third quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.8 percent.
Posted: November 25, 2008 Tuesday 08:31 AM