Third -
Quarter Gross Output showed a surprising slowdown in economic growth, but will it continue?
Not exact matches
The 0.4 per cent growth rate for the
gross domestic product, the economy's total
output of goods and services, was the weakest quarterly performance in almost two years and followed a much faster 3.1 per cent increase in the third
quarter.
Bartlett said
gross domestic product
output likely fell by about 1.0 per cent in the first three months of 2015 and by 0.6 per cent in the second
quarter.
Also, surging steelmaking coal prices last
quarter, when coupled with record
output, pushed Teck's profits from the segment up to CA$ 1.1 billion ($ 830 million), or 75 % of total
gross earnings before D&A.
The Commerce Department reported Friday that the gain in the
gross domestic product (GDP), the economy's total
output of goods and services, followed a 2.9 % rise in the fourth
quarter of 2017 and gains above 3 % in the previous two
quarters.
The Commerce Department defines a recession as two or more
quarters of decline in
output, as measured by
Gross National Product (GNP) or
Gross Domestic Product (GDP).
During the fourth
quarter of 2010,
gross domestic product (GDP) grew at an annualized rate of 4.4 %, exceeding the pre-recession peak of total
output achieved in the second
quarter of 2008.