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| Economy |
| US economic growth slows to 1.9% in first quarter of 2012 |
| 2012-06-01 |
| [Iran Press TV] The US Commerce Department has announced that the country's economic growth slowed to 1.9 percent in the first three months of 2012. The US Commerce Department statement said on Thursday that it lowered its gross domestic product (GDP) estimate for the first quarter of the year to 1.9 percent from an initial estimate of 2.2 percent. The downward revision has reportedly been largely due to a sharp increase in US trade deficit, decline in private investment and consumer spending, as well as strong rise in imports. |
| Posted by:Fred |
| #4 It's so un-expected. You MUST have 5.5% economic growth for three quarters or more to pull out of a Recession. This is 3% or less growth every quarter for the last 3 years, and we have not even gotten to tax day JAN 2013 yet. This is a depression with a bomb tied at the end. You are so 8 UP Obama. 8 UP. |
| Posted by: newc 2012-06-01 14:33 |
| #3 Change! |
| Posted by: DarthVader 2012-06-01 12:58 |
| #2 Though the bowsprit is totally submerged in debt, the engines of economic justice and equality lumber on. |
| Posted by: Besoeker 2012-06-01 03:22 |
| #1 Soon to be revised downward due to overwhelming inflation. |
| Posted by: gorb 2012-06-01 03:01 |