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The following information is about Gross Domestic Product (GDP).

Gross Domestic Product (GDP) Defined

The total value of goods and services produced by labor and property located in the United States. As long as the labor and property are located in the United States, the supplier (that is, the workers and, for property, the owners) may be either U.S. residents or residents of foreign countries.

This definition is in context to Energy. See more contextual defintions for Gross Domestic Product (GDP).


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HL:TSX edges lower, C$ tumbles following GDP report;economic data takes NY down@

Published August 29, 2008, 12:20 pm, INO News

TORONTO _ The Toronto stock market drifted lower in slow trading Friday afternoon ahead of the Labour Day weekend, pulled down by technology and telecom stocks but seemingly unaffected by data showing Canada's economy barely grew in the second quarter.

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INDUSTRY & ECONOMY

Published August 29, 2008, 11:26 am, The Hindu

ECONOMY: Weak manufacturing drags down economic growth GDP growth at 7.9% slowest in the last 14 quarters. New Delhi, Aug. 29 The near halving of manufacturing sector growth in the first quarter of this fiscal has led to the country’s gross domestic product (GDP) growth decelerating to 7.9 ...

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Canada squeaks past recession as GDP edges up in second quarter

Published August 29, 2008, 11:12 am, Canoe Money

OTTAWA - Canada's economy limped ahead in the second quarter barely enough to avoid the first recession in 17 years, recording the thinnest of gains after a much worse winter quarter than previously believed.

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Financials power TSX higher on latest bank earns;GDP revision takes NY higher

Published August 29, 2008, 10:42 am, MSN Money Canada

TORONTO - Bank stocks were responsible for a triple-digit advance on the Toronto Stock Exchange on Thursday as the latest series of earnings reports from the country's big banks encouraged investors, despite dramatically lower profits for most of them.

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Longer-term economic weakness seen

Published August 29, 2008, 9:22 am, Philstar.com

The drastic slowdown in private consumption in the second quarter of this year suggested a further and probably longer-term economic weakness.

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Low spending, less exports to keep RP growth weak--economists

Published August 29, 2008, 8:31 am, ABS-CBNNEWS.com

As economic growth slowed in the second quarter when Filipinos tightened their belts to cope with rising cost of goods and services, economists warned this is the sign of things to come for the rest of the year.

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Growth skids on liquidity squeeze

Published August 29, 2008, 8:16 am, Hindustan Times

The country’s economy expanded 7.9 per cent in the three-months ended June 30 — the slowest since 2004 — amidst high inflation and sluggish industrial growth on the back of high borrowing costs.

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Income declined as inflation remained robust in July

Published August 29, 2008, 7:31 am, The Washington Times

Consumer spending increased in July, but prices increased even more, suggesting that the growth rate of consumption, the linchpin of the U.S. economy that accounts for more than 70 percent of gross domestic product (GDP), may be turning negative in the third quarter. In fact, July was the second consecutive month that real (price-adjusted) consumer spending declined, the Commerce Department ...

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Oil up as Gustav threatens production in the Gulf of Mexico

Published August 29, 2008, 6:48 am, CNNMoney.com via Yahoo! Finance

Oil prices turned higher Friday as Tropical Storm Gustav threatened oil infrastructure in the Gulf of Mexico, and the economic effects of the government's stimulus package began to fade.

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Japan Plans to Spend 2 Trillion Yen on Stimulus Plan (Update3)

Published August 29, 2008, 4:28 am, Bloomberg.com

Aug. 29 (Bloomberg) -- Japanese Prime Minister Yasuo Fukuda , facing elections within a year, plans to spend about 2 trillion yen ($18 billion) to revive the world's second-largest economy.

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  • Best Economic Growth in A Year and A Half!: The U.S. economy picked up speed in the summer, growing at a brisk 3.9 percent pace, the fastest in 1 1/2 years and an impressive performance even as a credit crunch plunged the housing market deeper into turmoil.

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