Washington, DC–(ENEWSPF)–July 27, 2012. The U.S. Commerce Department’s Bureau of Economic Analysis today released the advance estimate of gross domestic product (GDP) for the second quarter of 2012. Real GDP grew 1.5 percent at an annual rate in the second quarter, consistent with private sector expectations. In addition, both GDP and gross domestic income (GDI) were revised upward for the previous two quarters: real GDP growth is estimated at 4.1 percent in the fourth quarter of 2011 and 2.0 percent in the first quarter of 2012; real GDI growth is estimated at 4.5 percent in the fourth quarter of 2011 and 3.5 percent in the first quarter of 2012.
