TITLE

GDP and the Economy

PUB. DATE
June 2007
SOURCE
Survey of Current Business;Jun2007, Vol. 87 Issue 6, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents preliminary estimates of the gross domestic product (GDP) in the U.S. for the first quarter of 2007. The real GDP increased 0.6% in the first quarter after increasing 2.5% from the fourth quarter of 2006. The growth primarily reflected an upturn in imports and a downturn in exports. Consumer spending for nondurable goods slowed and federal government spending decreased. Consumer spending for durable goods and services and residential investments software improved.
ACCESSION #
25733057

 

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