Gross Domestic Product, 1st quarter 2009 (preliminary) and Corporate Profits
May 30, 2009 by Bill
Filed under Finance/Credit
Real gross domestic product — the output of goods and services produced by labor and property
located in the United States — decreased at an annual rate of 5.7 percent in the first quarter of 2009, (that
is, from the fourth quarter to the first quarter), according to preliminary estimates released by the Bureau
of Economic Analysis. In the fourth quarter, real GDP decreased 6.3 percent.
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