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Blog about economics, politics, and social issues

US GDP, 4th Qtr 2008 (preliminary)

Real Gross Domestic Product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis.

 
 
 
 

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