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Real Gross Domestic Product (GDP) during the second quarter (April through June) of 2001 increased at an annual rate of 0.3 percent. This is the final estimate for the second quarter. During the first quarter of 2001, real GDP increased at an annual rate of 1.3 percent. For the year 2000, real GDP increased at annual rates of 2.3, 5.7, 1.3, and 1.9 percent in each of the four quarters. The slowing rate of growth throughout 2000 has continued through the most recent two quarters. The growth rate in real GDP over the last 12 months has been 1.2 percent. That compares with a more than 4 percent annual growth rate over the last several years.
Not Rated Yet.