Economists expect a drop in gross domestic product this quarter as well, although not as sharp as in the first three months of the year.
Last month, the government initially reported that gross domestic product -- the broadest measure of the nation's economic activity -- fell at an annual rate of 6.1%.
The revision fell short of economists' expectations of a 5.5% drop, according to a consensus estimate from Briefing.com.
The first quarter of 2009 marked the third quarter in a row that the economy has contracted. It was the second worst drop in the measure since the early 1980s -- behind only the fourth quarter of 2008, when GDP plunged at an annual pace of 6.3%.
more at : cnnmoney.com
