Friday, February 27, 2009
Still thinking UK can get away with -2.8%?
US GDP slides 6.2% on slower spending
Gross domestic product, which measures the output of goods and services produced in the United States, fell at an annual rate of 6.2% in the fourth quarter, adjusted for inflation, according to a preliminary report from the Bureau of Economic Analysis.
Posted by peter_2008 @ 04:04 PM (827 views)
3 thoughts on “Still thinking UK can get away with -2.8%?”
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51ck-6-51x says:
An annual rate of -6.2% is about a -1.6% drop, so a -2.8% drop may still be about right (that would be an annual rate of -10.7%)
peter_2008 says:
51ck-6-51x, I am under the impression that the current official government forecast for ANNUAL GDP decline for 2009 is 2.8% only…
51ck-6-51x says:
peter_2008 –
yeah, I was being [/trying to be] facetious, bit too dry maybe.