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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 ...
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 ...
New Zealand's GDP declined by 0.2 percent in the second quarter putting the country in its first recession in a decade. [12] The economy emerged from recession in mid-2009, with the second-quarter GDP report showing the economy grew by 0.1 per cent on the March quarter. [13]
By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression and a level which the index had last seen in 1997. On March 10, 2009, a countertrend bear market rally began, taking the Dow up to 8,500 by May 6, 2009. Financial stocks were up more than 150% during this rally.
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% ...
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 ...
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 ...
In April 2009, it was reported that first quarter GDP had shrunk by 1.9 percent, with a prediction of a 4.1 percent drop for the year. The largest contributor to this figure was manufacturing output, which fell by 6.9 percent over the quarter. [97] In May 2009, Standard & Poor's cut its rating outlook for the UK to negative. [98]