Friday, 30 January 2009

US GDP down 3.8 percent

The US economy slows at the fastest rate in 26 years.

Ironically, the number was "better than expected"; many economists were expecting a decline closer to 5 percent.

8 comments:

Josh said...

"better than expected" that has me reassured.

K T Cat said...

Is this a product of the Internet?

Nick von Mises said...

Would've been 5.1 except for a statistical anomaly of counting unwanted increases in stocks

Mitch said...

Im sure the new messiah will sort this all out.

Neville said...

It's actually 1 quarter at an annualized rate of -3.8%, so in reality down slightly less than 1%.

dearieme said...

Yep, the Yanks seem to annualise almost everything; perhaps because they love large numbers.

CROWN said...

It still confuses me how Brown can claim that America went into recession more than a year ago.

Roy said...

What about a UK GDP chart. Lets compare and contrast.