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The advance GDP report came in slightly better than expected for the third quarter of 2008, contracting by 0.3% against expectations of a 0.5% decline, according to the Bureau of Economic Analysis on Thursday. The previous month's 2.8% growth was unrevised. The negative figure is the second decline...
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A final look at second-quarter GDP has the U.S. economy growing at an annualized rate of 2.8% despite expectations for no change to the preliminary report's 3.3% growth rate. Nevertheless the result was above the 0.9% growth rate reported in the first quarter of 2008. Personal consumption in the...