Second Quarter GDP Release Set to Confirm or Deny U.S. Recessionary Fears
Jul 28th, 2008 | By William Patalon III | Category: Financial News, Politics & EconomicsA hectic week on the economic calendar is highlighted by the initial look at second quarter gross domestic product (GDP). Remember, a recession is defined as two consecutive quarters of negative growth, so doomsayers have targeted this week’s release as confirmation of their pessimism.