Q3 GDP could be the strongest in two years

Filed under: Forecasts, Market matters, Economic data, Recession

Good news! Private economists recently polled said they expect Q3 GDP to rise at an annualized rate of 3.2%. This is indeed a nice surprise.

In the second quarter, GDP shrank by 0.7% on an annual rate.

The rebound was mainly due to a rebound in personal consumption expenditures, the first increase in residential investment since the final quarter of 2005, and the reduced rate of business inventory reduction.

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Q3 GDP could be the strongest in two years originally appeared on BloggingStocks on Sat, 10 Oct 2009 15:10:00 EST. Please see our terms for use of feeds.

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