(New York) U.S. gross domestic product (GDP) contracted slightly less than originally forecast in the second quarter, by an annualized 0.6%, but remains down, threatening to plunge the world’s largest economy into recession.
Posted at 8:46 a.m.
The Commerce Department’s second estimate released on Thursday is 0.3 points higher than the first estimate (-0.9%), released at the end of July.
More details to come.