2Q GDP Growth Revised Lower

    Aug. 27, 2004
    The Department of Commerce has revised second quarter gross domestic product (GDP) growth to 2.8%-- a downward revision from its original 3% estimate

    The Department of Commerce has revised second quarter gross domestic product (GDP) growth to 2.8%-- a downward revision from its original 3% estimate.

    The revision underscores a slowdown in economic growth, especially when compared with the first quarter’s upwardly revised 4.5% growth.

    For in-depth analysis on the second quarter GDP growth, see GDP Growth Slows.

    For the latest economic roundup, see Economy Taking a Summer Breather.

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