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U.S. economy is slowing down and many of the indicators like Total business sales, industrial production, and real gross domestic private investments are pointing to the possibilities of a recession ahead. In such an environment a prolonged slowdown in the Real Gross Domestic Product (RGDP) surely urges more caution.
In the first quarter of 2015, real gross domestic product rose by $522 billion (2009 dollar).This was the biggest increase since the second quarter of 2004. However, the GDP growth has slowed since then. In the second quarter of 2015, RGDP growth dropped to $473.4 billion, $360.4 billion in the third, and finally to $304 billion in the final quarter of 2015. According to latest data available RGDP has slowed further to just $200.9 billion in the second quarter of 2016. The RGDP hasn’t slowed for the five consecutive quarter since the great recession of 2008/09 when the economic slowdown continued for seven consecutive quarters.
