The US economy shrank slightly less than previously thought in the first three months of the year, although overall economic activity remains weak, US figures have shown. Gross Domestic Product (GDP), which measures total output within the US, fell at a 5.5 per cent annual rate in 2009's first financial quarter, the US commerce department said on Thursday, better than the 5.7 per cent it reported last month.
The US economy shrank slightly less than previously thought in the first three months of the year, although overall economic activity remains weak, US figures have shown.
Gross Domestic Product (GDP), which measures total output within the US, fell at a 5.5 per cent annual rate in 2009's first financial quarter, the US commerce department said on Thursday, better than the 5.7 per cent it reported last month.
The US economy shrank slightly less than previously thought
