Wikinvest Wire

U.S. economy less bad in Q1

Friday, May 29, 2009

The Commerce Department reported that the U.S. economy was less bad than previously believed in the first quarter as real economic growth was revised upward from a seasonally adjusted, annualized rate of -6.1 to -5.7 percent.
IMAGE This is the second of three estimates for Q1, the final reading to be provided in one month. Forecasts for economic growth during the current quarter range from about -1 percent to -3 percent and some analysts expect a return to growth later in the year.


  © Blogger template Newspaper by 2008

Back to TOP