Fight Back! News

News and Views from the People's Struggle

GrossDomesticProduct

By Masao Suzuki

_Economic expansion continues...for now _

San José, CA – On Jan. 30, the Commerce Department reported that Gross Domestic Product, or GDP, fell by a very small amount (0.1% at an annual rate) in the last three months of 2012. The drop in GDP was largely because of a big drop in federal government purchases of goods and services, in addition to a drop in inventories (meaning that stores sold goods that were sitting on their shelves instead of having more produced) and a drop in exports.

Read more...