According to the US Commerce Department the US Gross Domestic Product contracted in Q2 2009 by an annualised rate of "only" 0.7% instead of the previous estimate of -1%.
GDP growth in recent quarters:
Q4 of 2008: -5.4%
Q1 of 2009: -6.4%
Q2 of 2009: -0.7%
That means that the GDP rates in Q2 for both the US and the UK have been revised and the new estimates paint a better picture than before and maybe better prospects for Q3 (which ends today, Sept. 30, 2009).