Friday, July 30, 2010

GDP 2nd Quarter 2010: 2.4%



In the first of three estimates for U.S. economic growth in the second quarter, the Commerce Department reported that real Gross Domestic Product slowed to an annualized rate of 2.4 percent, down from an upwardly revised rate of 3.7 percent in the first quarter, primarily due to a widening trade deficit and declining consumer spending.

source

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