GDP data better than expected
By Ira Dugal | Published On: August 31, 2012 19:27 (IST) | Duration: 4 min, 11 sec
Glenn Levine says the GDP numbers are better than expected. The strong activity in the construction sector is encouraging. Along with that most segments of the services sector remain strong. The drop in the overall growth in services is only due to one specific segment according to Glenn Levine. However the outlook for the economy remains worrying with a significant pick up unlikely in the quarters ahead.