Archive for the ‘Gdp’ tag
U.S. Trade Deficit Expected to Boost Q2 GDP
Economists say the unexpected narrowing in the June trade deficit was
helped by continued strength in the export market, which
should give second-quarter GDP a boost when revisions are released later
this month.
The Census Bureau’s report said the trade deficit came in at $56.8
billion, compared to the -$62.0 billion balance expected by markets. In
addition…
After Weak U.S. Second-Quarter GDP, Economists Say Worse to Come
Economists say the reported 1.9% GDP growth for the second quarter of
2008 was boosted by a 1.5% increase in consumption and a 2.4% gain in net
exports. The figure was lower than expectations, however, as inventories
saw a sharp reduction.
Aside from the headline, the big news came from revisions to
the previous two quarters…
GDP Rises 1.9% in Q2, Revisions Include Negative Quarter in Q4 2007
The advance U.S. GDP report came in lower than
expected for the second quarter of 2008, rising by 1.9% against
expectations of 2.3% growth, according to the Bureau of Economic Analysis
on Thursday. Revisions showed the U.S. economy shrank 0.2% in the fourth
quarter 2007.
The negative figure is the first decline in quarterly growth since Q3
2001.