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Publication Date: May 2008

Publisher(s): Hudson Institute

Author(s): Diana Furchtgott-Roth

Funder(s): Hudson Institute

Funder(s): Hudson Institute

Topic: Economics (Economic conditions)

Type: Report


Despite consumer concerns over the price of gasoline, which is near or above $4 per gallon, new data on first-quarter GDP shows that the economy is not in a recession. Advance figures were revised up 0.3 percentage points to 0.9%, showing lukewarm yet positive growth.