US shrinks and India leads in GDP growth for 2014-15
The Dollar Business Bureau The Real Gross Domestic Product (GDP) of the United States decreased at an annual rate of 0.7% during January-March 2015, said an official release by the United States Department of Commerce (USDC), on Friday. While a similar value of Real GDP was last seen in Q1-1970, the last quarter with larger value of 2.2% was witnessed in Q4-2014, and the last quarter with smaller value was -2.2% in Q1-2014, according to the second estimate comparisons of Q1-2015 by the Bureau of Economic Analysis, USDC. This decline in the real GDP during the Q1 of 2015 reflected decline in exports of goods (mainly of capital goods, autos and parts), business investment (notably in mining exploration, shafts ...
