4th of July

Economic Report
3:51 pm
Fri June 27, 2014

Harper: 2.9% Drop In GDP Shows Weak Start To 2014 GDP Revision

Dr. Rick Harper
Credit University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the latest first quarter revision of the gross domestic product (GDP).  According to the Bureau of Economic Analysis, GDP shows a 2.9% drop in the annual rate in January through March, the weakest quarter for the U.S. economy since the Great Recession.

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