1H growth

Discussion in 'Economics' started by oriol88, Aug 28, 2008.

  1. oriol88



    Economy Grew 3.3% in 2nd Quarter,
    Much Higher Than Initial Reading
    By JEFF BATER and BRIAN BLACKSTONEAugust 28, 2008 9:22 a.m.

    WASHINGTON -- The U.S. economy was much stronger in the spring than first thought because of better exports and less inventory liquidation by businesses, according to a government report that surprised economists.

    Gross domestic product rose at a seasonally adjusted 3.3% annual rate April through June, the Commerce Department said Thursday in a new, revised estimate of second-quarter GDP.

    Originally, the government had estimated second-quarter 2008 GDP climbed 1.9%. First-quarter GDP increased 0.9%.

    Are you ready for a rally?