Relevant:
- Q3 GDP Beats At 2.9% On Rise In Inventory, Exports; Weak Consumption And Investment Below Surface
- The economic data is even worse than Wall Street feared: 'The economy is clearly in ruins here'
- BEA Lowers Second Quarter GDP Growth Rate to Below 1%
- Growth Rebound in U.S. Masks Demand Picture That's Not as Bright
- U.S. GDP Grew a Disappointing 1.2% in Second Quarter
2008-07-31 — mortgagenewsdaily.com
"Economists say the reported 1.9% GDP growth for the second quarter of 2008 was boosted by a 1.5% increase in consumption and a 2.4% gain in net exports. The figure was lower than expectations, however, as inventories saw a sharp reduction."
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