Thursday, August 28, 2008

"Export Driven" Q2 GDP Revised Up to 3.3%

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.3 percent in the second quarter of 2008,(that is, from the first quarter to the second quarter), according to preliminary estimates released by theBureau of Economic Analysis. In the first quarter, real GDP increased 0.9 percent.
















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2 comments:

  1. AngieAugust 28, 2008 at 6:11 AM

    Hi Jake, the price component is quite surprising (low) compared with the CPI and could explain the "good" headline figure.

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  2. JakeAugust 28, 2008 at 6:26 AM

    Will have a post on that shortly actually...

    Here's the teaser: the gap between the GDP Deflator and CPI is at its widest margin since 1980!

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