SubscribeAsian Session: Risk Rally Continues
August 3rd, 2009 • Related • Filed Under
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The advance reading for 2Q U.S. GDP showed a 1% contraction which surpassed estimates of 1.5% but a revision of the 1Q reading to -6.4% from -5.5% showed that the recession was the deepest in 27 years. Despite the contraction slowing, the 1.2% decline in personal consumption will dim the outlook for future domestic growth. The expectations that unemployment will continue to rise should continue… | ||||||||||||||||||||
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