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US GDP Revised Contracted Less than Reported last Quarter

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The US economy shrank by an annualised 0.7% between April and June this year, not by 1% as previous estimates from the Commerce Department had said.

The gross domestic product (GDP) figure is dwarfed by the 6.4% drop in the previous three months and the 5.4% figure for the final quarter of 2008.

BBC NEWS

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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