The downward revision, to 2.2 percent growth from 2.8 percent, was partly because shoppers did not spend as much and construction was weaker than first thought.
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downward revisionThird-Quarter Growth Weaker Than First ThoughtNYT > Business Tue, 12/22/2009 - 13:38
The downward revision, to 2.2 percent growth from 2.8 percent, was partly because shoppers did not spend as much and construction was weaker than first thought. Second-Quarter G.D.P. Is UnchangedNYT > Business Thu, 08/27/2009 - 07:22
Forecasters had expected a downward revision in the country’s gross domestic product, but the latest second-quarter estimate released on Thursday was unchanged. |