(Preliminary) Real GDP Declines a Worse than Expected 6.2%
February 27, 2009 at 17:05 PM EST
The Commerce Department said Friday gross domestic product, the output of goods and services produced by labor and property located in the U.S., fell at an annual rate of 6.2% in the fourth quarter, adjusted for inflation, even lower than the consensus expected 5.4% contraction. It is the deepest decline since the first quarter of [...]
