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View All NewsGDP's estimated decline holds at 1%
August 27, 2009
Real gross domestic product in the U.S. decreased at 1.0% in the second quarter, according to a second estimate released today by the U.S. Department of Commerce. The second estimate was unchanged from the advance estimate released last month.
Both the Wall Street Journal and Bloomberg reported the GDP number released today was better than expected, reporting that economists forecast a 1.5% decline.
GDP decreased by 6.4% in the first quarter.