GDP Rises 1.9% in Q2, Revisions Include Negative Quarter in Q4 2007

The advance U.S. GDP report came in lower than expected for the second quarter of 2008, rising by 1.9% against expectations of 2.3% growth, according to the Bureau of Economic Analysis on Thursday. Revisions showed the U.S. economy shrank 0.2% in the fourth quarter 2007. The negative figure is the first ...