Showing posts with label US growth revised downward for second time 'surprisingly'. Show all posts
Showing posts with label US growth revised downward for second time 'surprisingly'. Show all posts

Friday, June 25, 2010

US 1Q growth revised downward 'for the second time'

6/25, Washington (AFP) – "US economic growth in the first quarter was revised downward

  • for the second time to 2.7 percent, weaker than previously estimated, the government said Friday.

The Commerce Department lowered its estimate on gross domestic product growth for the January-March period from the 2009 fourth quarter from an initial estimate of 3.2 percent,

  • which was revised down to 3.0 percent in late May."...