Raymond James Financial Inc.

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Recession end seen as US GDP drop narrows to 1.0 pct

AFP Global Edition 114 days ago

The US economy showed signs of emerging from a long and brutal recession, according to data Friday showing a narrower-than-expected 1.0 percent decline in output in the second quarter. The Commerce Department estimate on gross domestic product (GDP) was stronger than expected ...

Improving US economy shows 1.0 pct contraction

AFP American Edition 114 days ago

The US economy narrowed its contraction to 1.0 percent in the second quarter, the government said Friday, offering further evidence that the brutal recession is near an end. The Commerce Department report was stronger than expected by private forecasters who had called ...

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