Home » Latest Estimate: Second Quarter GDP Declines 1% in 2Q
Latest Estimate: Second Quarter GDP Declines 1% in 2Q
August 27, 2009
Real gross domestic product - the output of goods and services produced by labor and property in the U.S. - decreased
at an annual rate of 1% in the second quarter of 2009, (that is, from the first quarter to the second quarter), according
to the second estimate released by the Bureau of Economic Analysis. Also, profits from current production (corporate profits
with inventory valuation and capital consumption adjustments) increased $67.6 billion in the second quarter, compared with
an increase of $59.1 billion in the first quarter.