Wednesday, March 10, 2010

Not looking good

Monthly Estimates of GDP

WEAK GROWTH CONTINUES "The National Institute interprets the term “recession” to mean a period when output is falling or receding, while “depression” is a period when output is depressed below its previous peak. Thus, unless output turns down again, the recession is over, while the period of depression is likely to continue for some time. We do not expect output to pass its peak at the start of 2008 until 2012."

Posted by dill @ 05:08 PM (1004 views)
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