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Breaking News: Economy Grows by 2.7 Percent in First Quarter, Slower Than Previously Estimated
foxnews ^
| 25 June 2010
| foxnews
Posted on 06/25/2010 5:48:27 AM PDT by TSgt
Breaking News: Economy Grows by 2.7 Percent in First Quarter, Slower Than Previously Estimated
(Excerpt) Read more at foxnews.com ...
TOPICS: Breaking News; Business/Economy; Government
KEYWORDS:
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1
posted on
06/25/2010 5:48:32 AM PDT
by
TSgt
To: TSgt
2
posted on
06/25/2010 5:49:22 AM PDT
by
TSgt
(We will always be prepared, so we may always be free. - Ronald Reagan)
To: TSgt
3
posted on
06/25/2010 5:49:29 AM PDT
by
neodad
(USS Vincennes (CG 49) "Freedom's Fortress")
To: TSgt
More unexpected, unplanned economic data.
4
posted on
06/25/2010 5:51:02 AM PDT
by
Lou L
(The Senate without a fillibuster is just a 100-member version of the House.)
To: TSgt
Just another ‘unexpected’ hiccup in the recovery. Nothing to see here, move on, move on...
5
posted on
06/25/2010 5:51:09 AM PDT
by
tje
To: TSgt
http://www.marketwatch.com/story/us-q1-gdp-revised-lower-to-27-increase-2010-06-25?reflink=MW_news_stmp
U.S. real gross domestic product for the first quarter was revised down to an increase of 2.7% annualized from the earlier estimate of a 3.0% rise, the Commerce Department said Friday. Economists surveyed by MarketWatch expected first-quarter growth to be unrevised at up 3.0%. The revision to first-quarter GDP was largely due to weaker consumer spending and a widening trade deficit. A key measure of inflation was revised slightly higher but remained subdued. Core prices increased 0.7% in the first quarter, up from 0.6% reported earlier. Corporate profits increased a revised 8.0% quarter-to-quarter, compared with a 5.5% rise previously estimated.
6
posted on
06/25/2010 5:51:46 AM PDT
by
TSgt
(We will always be prepared, so we may always be free. - Ronald Reagan)
To: TSgt
WASHINGTON — The government lowered its estimate of how much the economy grew in the first quarter of the year, noting that consumers spent less than it previously thought.
The Commerce Department says that gross domestic product rose by 2.7 percent in the January-to-March period, less than the 3 percent estimate for the quarter that the government released last month. It was also much slower than the 5.6 percent pace in the previous quarter.
The department’s report is the third of three estimates it makes for each quarter’s GDP, the broadest measure of the nation’s economic output. The first quarter’s growth rate declined from earlier reports because consumers spent less than previously estimated, while the nation imported more goods from overseas.
7
posted on
06/25/2010 5:52:41 AM PDT
by
TSgt
(We will always be prepared, so we may always be free. - Ronald Reagan)
To: TSgt
Unexpected...............
8
posted on
06/25/2010 5:53:25 AM PDT
by
Red Badger
(No, Obama's not the Antichrist. He's just some guy in the neighborhood.............)
To: TSgt
9
posted on
06/25/2010 5:54:02 AM PDT
by
G Larry
(Democrats: expediting the Destruction of America, before they lose power...)
To: TSgt
Another
"unexpected" economic factor brought to you by the 0bamao marxist regime that can't find it's ass with both hands!
Yet they have the unmitigated gall to tell the G20 countries what they should be doing!
10
posted on
06/25/2010 5:54:22 AM PDT
by
The Sons of Liberty
(The usurper 0bama regime is a "Clear and Present Danger" to AMERICA! - Mene, Mene, Tekel, Upharsin)
To: TSgt
11
posted on
06/25/2010 5:54:39 AM PDT
by
bamahead
(Few men desire liberty; most men wish only for a just master. -- Sallust)
To: TSgt
12
posted on
06/25/2010 5:55:08 AM PDT
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: TSgt
13
posted on
06/25/2010 5:56:41 AM PDT
by
massmike
(...So this is what happens when OJ's jury elects the president....)
To: Red Badger
Nothing left of my unexpectedly disappearing IRA.
14
posted on
06/25/2010 5:56:55 AM PDT
by
kezzek
To: TSgt
When the census ends then what? -2.0 %?
15
posted on
06/25/2010 5:57:13 AM PDT
by
central_va
(I won't be reconstructed, and I do not give a damn.)
To: TSgt
16
posted on
06/25/2010 5:57:26 AM PDT
by
Tax-chick
(Get to the beach, or at least in the pool!)
To: TSgt
To: TSgt
Well color me surprised! (not)
Anybody here not see that coming? Isn't this becoming their standard tactic - they have the labor department release initial numbers that are clearly way too rosy, hype them to the hills, and then come slinking back in later on to surreptitiously lower the numbers back to where they should have been in the first place.
I guess they think the sheeple are still as easily fooled as they were in 2008 - let's make sure that isn't the case, and that they know which donkey to pin the tail of economic malaise onto.
18
posted on
06/25/2010 5:57:40 AM PDT
by
Oceander
(The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
To: TSgt
I am confident that the following paraphrases the thinking within this administration: “We will continue to have these ‘unexpected’ data points until the federal government can completely control the message and eliminate the biased and bankrupt news organizations that are owned by big corporate structures.”
19
posted on
06/25/2010 5:58:30 AM PDT
by
Erik Latranyi
(Too many conservatives urge retreat when the war of politics doesn't go their way.)
To: All
FNC: “The first quarter’s growth rate declined from earlier reports because consumers spent less than previously estimated.”
20
posted on
06/25/2010 6:00:08 AM PDT
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
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