Friday, January 30, 2009

GROSS DOMESTIC PRODUCT FOURTH QUARTER 2008 Down 3.8%

Commerce Department reports:
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 3.8 percent in the fourth quarter of 2008,
(that is, from the third quarter to the fourth quarter), according to advance estimates released by the
Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.