U.S. Economy 'Less Bad' in Q1

May 29, 2009 2:40 PM ET3 Comments
Tim Iacono profile picture
Tim Iacono
51.75K Followers

The Commerce Department reported that the U.S. economy was less bad than previously believed in the first quarter as real economic growth was revised upward from a seasonally adjusted, annualized rate of -6.1 to -5.7 percent.
IMAGE This is the second of three estimates for Q1, the final reading to be provided in one month. Forecasts for economic growth during the current quarter range from about -1 percent to -3 percent and some analysts expect a return to growth later in the year.

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Tim Iacono profile picture
51.75K Followers
Tim Iacono is the founder of the investment website 'Iacono Research', a subscription service providing market commentary and investment advisory services specializing in natural resources. He also writes a financial blog known as 'The Mess That Greenspan Made', a sometimes irreverent look at the many and varied after-effects of the Greenspan term at the Federal Reserve. Use the links below to visit Tim's website/blog.

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