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The strong upward revision to second quarter U.S. GDP was the result of strong exports and the fiscal stimulus package, according to economists who are already looking forward to GDP results from the third quarter.
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Written by Mortgage News Daily - Mortgage And Real Estate News on August 28th, 2008 with no comments.
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Second-quarter U.S. GDP rose above expectations in the preliminary report, rising to 3.3% from the previously reported 1.9%, the Bureau of Economic Analysis reported on Thursday.
Economists were expecting a revision to 2.7%. First-quarter growth in 2008 was 0.9%. Exports advanced by 13.2% in the revision, up from...
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Written by Mortgage News Daily - Mortgage And Real Estate News on August 28th, 2008 with no comments.
Read more articles on Home Equity Loans.