WorthyNewsBot Posted June 25, 2014 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.43 Content Count: 44,622 Content Per Day: 7.19 Reputation: 987 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted June 25, 2014 WASHINGTON, D.C. (Worthy News)– The Gross Domestic Product fell at a 2.9 percent annual rate, the economy's worst performance in five years. Growth has been revised down 3.0 percent since the government's first estimate was published in April, worse than economists' expectations. The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, the economy's worst performance in five years, instead of the 1.0 percent pace it had reported last month. While the economy's woes have been largely blamed on an unusually cold winter, the magnitude of the revisions suggest other factors at play beyond the weather. Growth has now been revised down by a total of 3.0 percentage points since the government's first estimate was published in April, which had the economy expanding at a 0.1 percent rate. — Source View the full article Link to comment Share on other sites More sharing options...
Recommended Posts