RSS Feed
Twitter
Facebook
Email
Home1st Quarter GDP is Not a V-Shape
Posted by Larry Doyle on April 30th, 2010 9:14 AM |
The 1st quarter GDP figures were just released and registered a 3.2% gain. This statistic is slightly weaker than consensus expectations of 3.4%. What were the components? The Bureau of Economic Analysis provides insights:
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 3.2 percent in the first quarter of 2010, (that is, from the fourth quarter to the first quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 5.6 percent. (more…)
