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GDP (gross domestic product) is the market value of all final goods and services produced within a country in a given period of time. A 25 Jan report showed an unexpected contraction of the UK economy in the last quarter of 2010.
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A bigger-than-expected trade gap also trimmed GDP, as rising imports and weaker exports both worked against output by US businesses.
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Check out #TeamRichKat. The U.S. Commerce Department revised down projections for gross domestic product (GDP) since 2007, indicating that the recession in the country went deeper than had been calculated. New figures show that between the fourth quarter of 2007 and second quarter of 2009, real GDP declined to U.S. average annual rate of 2.8%. Previously, this estimate was a 2.5% contraction.
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30
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The U.S. Commerce Department revised down projections for gross domestic product (GDP) since 2007, indicating that the recession in the country went deeper than had been calculated. New figures show that between the fourth quarter of 2007 and second quarter of 2009, real GDP declined to U.S. average annual rate of 2.8%. Previously, this estimate was a 2.5% contraction.
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Oct
29
+9 months
Gross Domestic Product measures the market value for all goods made in a country over a year. July 31 - The U.S. GDP figures just released are better than expected (1% drop instead of the expected 1.5% drop) although personal consumption is worse than expected. And Today - Oct 29, US GDP grew by an astounding 3.5% but people are skeptical because it might be inflated by "Cash for Clunkers, First Time Home Buyer" programs.
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Gross Domestic Product measures the market value for all goods made in a country over a year. July 31 - The U.S. GDP figures just released are better than expected (1% drop instead of the expected 1.5% drop) although personal consumption is worse than expected.
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GDP (gross domestic product) figures just released for USA worse than expected. Personal consumption better than expected.
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