Economic News

8/27/10 – GDP Estimates for 2nd Quarter Revised Down
Real gross domestic product (GDP) grew at an annual rate of 1.6 percent in the second quarter of 2010, according to today’s second estimate.  This follows a growth rate of 3.7 percent in the first quarter.

7/30/10 – GDP Slows in 2nd Quarter
Real gross domestic product (GDP) grew at an annual rate of 2.4% in the second quarter of 2010, following an increase of 3.7% in the first quarter of 2010. The number seems to be consistent with other figures tracking the economy over the past few weeks – all indicating that the recovery may be running out of steam.

6/28/10 – GDP Sluggish in the First Quarter of 2010
Real gross domestic product (GDP) grew at an annual rate of 2.7% in the first quarter of 2010, following an increase of 5.6% in the fourth quarter of 2009.  The slower growth most likely indicates a prolonged unemployment challenge for the nation.