The nations gross domestic product in the first quarter fell at a - TopicsExpress



          

The nations gross domestic product in the first quarter fell at a 2.9% annual rate, vs. the 1% contraction previously believed, the Commerce Department said Wednesday. Economists surveyed by Bloomberg expected a 1.8% drop in output from the fourth quarter. The decline was the sharpest since growth tumbled 5.4% in the first quarter of 2009, during the Great Recession. It was also one of the worst falloffs outside of a recession since 1960. usatoday/story/money/business/2014/06/25/economy-first-quarter/11332011/
Posted on: Thu, 26 Jun 2014 04:21:51 +0000

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