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- Q1 GDP Increases 0.6%
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The Bureau of Economic Analysis reports that the U.S. economy grew at a 0.6% annual real rate in Q1 2006, mostly because of a buildup in inventories. Without the unwanted buildup in inventory, GDP would have been negative, suggesting the economy is in recession.Consumer spending was up 1.0% at an annual rate, with services up 3.4% (the t…
Original Source: feeds.feedburner.com/CalculatedRisk
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30 April, 2008| housingblogs |
@ 13:51