Gross Domestic Product Plunges To 1.9%

by Evil 1 Posted 2012/07/01 11:26:52

Related Topics: Gross, Weak, Sale, Economic, Percent

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On Thursday, the U.S. Department of Commerce released a report chock full of weak growth figures and worrisome economic signals. The gross domestic product (GDP) dropped from last quarter's 3.0 percent to an anemic 1.9 percent. Over half of first-quarter growth came from automobile sales. When automobiles are removed from the calculation, the GDP grew at just 0.7 percent. Second-quarter growth estimates of 2.0 percent growth, therefore, may be overly optimistic.

ed 2012/07/01 11:41:28

+3
Wake up AMERICA IT'S TIME FOR CHANGE,Think about this what has either party done for this country recently or say in the last decade?
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Diane Spraggs Yates 2012/07/01 21:38:36 (edited)

+1
Thursday, the U.S. Department of Commerce released a report chock full of weak growth figures and worrisome economic signals. The gross domestic product (GDP) dropped from last quarter's 3.0 percent to an anemic 1.9 percent. Bad News For The Economy So is Obama and his Policies !!!! Dump Obama then economy will improve because Obama is anti-business and business will not spend when unfavorable business conditions exsit !!!!

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kir 2012/07/01 11:42:56

+2
We're almost in another recession. I think this is pretty good evidence against the idea that more government intervention is better. Of course somehow those who want big government will simply claim that it hasn't been enough.

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ed 2012/07/01 11:41:28

+3
Wake up AMERICA IT'S TIME FOR CHANGE,Think about this what has either party done for this country recently or say in the last decade?

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