GDP and the Economy

June 2007
Survey of Current Business;Jun2007, Vol. 87 Issue 6, p1
Trade Publication
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.


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