ERD BBVA - GDP Observatory

Economic Research Department

An international reference for economic and financial analysis

Macroeconomic Analysis
Short-run analysis, Central bank watchers, Financial Markets, Commodites Markets, and Others
Sectorial Analysis
Pensions
Global Trends

10/29/2009

GDPObserMed

GDP expanded 3.5% in 3Q09, indicating recovery has begun

* First quarter of economic growth since 2Q08

* PCE, residential investment, exports and inventories supported GDP

* Risks to PCE remain due to rising unemployment, low household wealth and limited access to credit

Title	Archive
GDP Observatory	PDF (53 KB )
Date: 10/29/2009 Country/Topic: US Macroeconomic Analysis/Economic observatories