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> Economic Preview Week of July 27, 2009Data on real GDP for Q2 will confirm that the worst of the economy’s contraction is behind us, and real GDP will expand during the current quarter. Still, despite all the stimulus money directedat “shovel ready” infrastructure projects, the road to recovery remains a rocky one. Over the near term, improving GDP data will largely be driven by smaller declines and subsequent stabilization in areas such as residential investment and nonfarm business inventories, with an assist from rising federal government spending and expanding net exports. © Mission Residential. All rights reserved.
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