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The Obama Bust: Q1 GDP Final revision: 1.9%

by Phantom Ace Comments Off on The Obama Bust: Q1 GDP Final revision: 1.9%
Filed under Business, Economy, Headlines at June 28th, 2012 - 2:52 pm

The final revision for for 1st Quarter GDP stays at 1.9%. The shows the US economy continues growing at a anemic pace.

Real gross domestic product — the output of goods and services produced by labor and property
located in the United States — increased at an annual rate of 1.9 percent in the first quarter of 2012 (that
is, from the fourth quarter to the first quarter), according to the “third” estimate released by the Bureau
of Economic Analysis. In the fourth quarter, real GDP increased 3.0 percent.
The GDP estimate released today is based on more complete source data than were available for
the “second” estimate issued last month.

There is no end in sight to the Obama bust.

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This entry was posted on Thursday, June 28th, 2012 at 2:52 pm and is filed under Business, Economy, Headlines. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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