United States Department of energy information agency's latest a forecast reports that, in the first half of 2008, the United States economy will shrink. This is the United States Government pointed out that the recession of the first official forecast report.
According to the United States http://finance. Department of energy information agency recently in monthly energy forecast report said: "the first half of this year, the United States by real GDP will fall slightly, and then started to rebound in 2008, the overall growth rate of 1.3 per cent, is the lowest growth rate since 2001. ”
United States Department of energy Intelligence Bureau economists Nasir · Gil Gil said, the Agency estimates that annualised, the first quarter of this year, the economy will shrink 0.5 per cent, the second quarter will shrink 0.7 per cent.
The report does not mention the word "recession", but most economists believe that two consecutive quarters of economic contraction is recession.
Gil Gil said: "the real estate downturn is more widely spread to the entire economy. "He also said that, if not the dollar makes the foreign demand for more powerful United States products, the economic situation even worse.
Intelligence Agency forecasts annualised, United States real gross domestic product (GDP) will be from the fourth quarter of 2007 11.577 trillion shrinkage-2008 first quarter 11.563 trillion in the second quarter and further reduced to 11.542 trillion and Q3 will increase to $ 11.633 trillion.
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