Economy Levels Off

GDP fell an annualized 1% during the second quarter, according to early government estimates, a mild decline compared with the 6.4% drop in the first quarter and the 5.4% drop in fourth quarter 2008. Analysts say the economy benefited from a rebound in government spending, particularly federal outlays on both national defense and non-defense products and services during the second quarter. A smaller trade deficit, as imports shrank at a faster rate than exports, a slower decline in new home construction, and a substantially smaller drop-off in business...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers