WASHINGTON -- The U.S. economy slumped in the spring but its
decline was mild and much smaller than the contraction over the
previous nine months, according to data that gave a powerful signal
the recession has eased.
Gross domestic product fell at a seasonally adjusted 1.0% annual
rate April through June, the Commerce Department said Friday in the
first estimate of second-quarter GDP.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
gdp fell 1.0%
GDP
Posted by rjay on 31st of Jul 2009 at 08:46 am
WASHINGTON -- The U.S. economy slumped in the spring but its decline was mild and much smaller than the contraction over the previous nine months, according to data that gave a powerful signal the recession has eased.
Gross domestic product fell at a seasonally adjusted 1.0% annual rate April through June, the Commerce Department said Friday in the first estimate of second-quarter GDP.