Friday, May 23, 2008
First quarter GDP - into the slowdown
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

The detailed first quarter GDP figures showed a 0.4% rise and an increase of 2.5% on the year, in line with the provisional data. But the details, which included a 1.3% rise in consumer spending during the quarter, suggested a significant slowdown is on the way as consumers rein back. Details here.