Wednesday, April 30, 2008

GDP Q1 08

--Real GDP QoQ is 0.6%, beating estimate and , same level as Q4 07 (GDP 11.7 tril) --Major driver is consumer service, especially Medi care expense (11% of GDP) --net export shrink due to currency devaluation --Business investment decline (-0.7%), but still holding at similar level, implying corporations are expanding moderately and gearing up for recession --Inventory increased 0.81%, reflecting stronger demand compared to last quarter

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