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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