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In October 2009, news reports announced that some employers who cut jobs due to the recession are beginning to hire them back. More recently, economists announced in January 2010 that economic growth in the U.S. resumed in the fourth quarter of 2009, [22] and some have predicted that limited job growth will begin in the spring of 2010. [23]
More upbeat news for the U.S. economy: The nation's gross domestic product grew 5.6% in the fourth quarter of 2009, the Commerce Department announced Friday in its final revision of that period's ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates .
White House budget director Jim Nussle maintained at that time that the U.S. had avoided a recession, following revised GDP numbers from the Commerce Department showing a 0.2 percent contraction in the fourth quarter of 2007 down from a 0.6 percent increase, and a downward revision to 0.9 percent from 1 percent in the first quarter of 2008. The ...
The U.S. economy got some hopeful news when the U.S. Commerce Department announced Friday that its revised measure of fourth-quarter GDP showed growth of 5.9%. That makes for two straight quarters ...
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Still, Norway's total GDP, which includes the oil, gas and shipping sectors, shrank 0.4% in the first quarter of 2009 after 0.8% growth in the fourth quarter of 2008. [76] May 20, 2009: Mexico; Mexico becomes the first Latin American country to officially enter recession, having its GDP shrink 8.22% in the first quarter of 2009, after falling 1 ...
The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.3% during the period, down from a first ...