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Sunday, March 1, 2009

GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY)

GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY)
"...Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent. The GDP estimates released today are based on more complete source data than were available for the advance estimates issued last month. In the advance estimates, the decrease in real GDP was 3.8 percent..."
Reference: www.bea.gov

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