The GDP report in USA shows that in the second quarter it contracted by a 1.0% annual rate in April through June 2009. Economists were expecting a 1.5% decline, so this number is better than expected. It follows on the heels of a 6.4% decline in the first quarter and 5.4% in the fourth quarter of last year, indicating that economic conditions are indeed improving. Or, getting worse at a slower pace, for you curmudgeons out there.

The economy shrank in the third quarter for the first time since 1992 and at a faster rate than previously thought, official data showed today.

Today, Doug Holtz-Eakin, McCain-Palin 2008 Senior Policy Adviser, issued the following statement on the Gross Domestic Product (GDP) number:

A new report says the U.S. economy and GDP declined in the third quarter, between July and September - the strongest indication yet that the nation may be sliding into a recession.

The first estimate of third-quarter GDP came in slightly better than expected at negative 0.3%. In a quarter that included the virtual collapse and de-privatization of the global financial system, that is positively rosy.

US GDP was revised higher from an initial estimate of 2.7% to a 3.3% annual rate in the second quarter.

The economic figures are in, and America's GDP rose by 0.6% in the 1st quarter of 2008 (January-March). All praise to Ben Bernanke then as the Commerce Department announced slight growth in U.S. Economy?

Pushing for reforms, the Economic Survey said inflationary impact of foreign funds flow, a slowdown in the US, an appreciating rupee and sluggish infrastructure sector were major challenges before economy.

China's gross domestic product (GDP) reached 24.6619 trillion yuan (3.43 trillion U.S. dollars) in 2007, up 11.4 percent year on year, said the National Bureau of Statistics (NBS) Thursday.

According to a new study, China’s incredible rise as a net creditor at such an early stage of development is very rare; and might actually reflect weakness rather than strength

An economist says today's economic growth figures in Australia vindicate the Reserve Bank's decision to increase interest rates in August and November.

The growth of Armenia's GDP in January-July of 2007 totaled 12,1%, as compared to the same period of 2006, making the country an attractive place for new investments. As the press service of the National Statistical Service of Armenia told Mediamax today, the GDP volume in January-July of 2007 totaled 1287363.0mln drams.