Subscribe to Inc. magazine

GDP Fell 6.1 Percent in Q1

Advertisement

"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 6.1 percent in the first quarter of 2009," according to a press release from the Bureau of
Economic Analysis. A 6.3 percent drop was recorded in the final quarter of 2008.

"It was the third straight quarter of declines and capped the worst six months of economic activity since the late 1950's," the New York Times reports.


http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Last updated: Apr 29, 2009




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Livestream events | Comments
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: