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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 ...
The recession in the Eurozone economy deepens with a fall of 0.6% in GDP in the fourth quarter of 2012. Of the major economies, Germany shrinks by 0.6%, France by 0.3% and Italy by 0.9%. [167] The economy of the 27 members of the EU, including non-Eurozone members such as Denmark and the UK, shrinks by 0.5%. [168] February 14, 2013: Japan
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 following countries/territories had a recession starting in the fourth quarter of 2008: Switzerland. [143] South Korea avoided recession with GDP returning positive at a 0.1% expansion in the first quarter of 2009. [144] Of the seven largest economies in the world by GDP, only China avoided a recession in 2008.
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 ...
The fourth-quarter GDP numbers were revised down from the 3.3% pace Commerce initially reported last month. Consumer spending, which accounts for about 70% of U.S. economic activity, grew at a 3% ...
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.
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 ...