GDP Heads Right Direction
-- Purchasing, 10/15/2009 2:00:00 AM
Got a 3Q GDP prediction?
If you have a third-quarter GDP prediction, post it now in our contest on PurchasingBizconnect.
The revised reading for the U.S. second quarter GDP showed an even slighter decrease than earlier estimates. GDP declined at an annual rate of 0.7% in the second quarter, says the Bureau of Economic Analysis, while the first quarter, real GDP decreased 6.4%.
GDP slides slow
| Decline | |
|
In its World Economic Outlook, the International Monetary Fund said it now expects the U.S. economy to grow 1.5% in 2010, up from its July forecast for 0.8% growth. It nudged down its 2009 forecast to a decline of 2.7% from its earlier estimate of a 2.6% slide.
|
|
| 1Q 2009 | 6.4% |
| 2Q 2009 | 0.7% |
Talkback
IEA Cuts World Oil Outlook
03/12/2009Economy does better than expected
09/29/2009IMF now sees slower growth for world economy
02/05/2008Robert Garino | Purchasing
11/20/2009
Sponsored Links
Now Playing: 