What Letter Would You Give This Chart?

On Friday, the government will release its initial report on first-quarter GDP growth. The economy has grown for the last two quarters but it’s been far short of what should be expected when you emerge from a nasty recession.
Economists and market-watchers are debating what letter the recovery will look like — will it look like a V, a U or possibly a W? Here’s what the Real GDP chart looks like, but I’ve added a guess for Friday’s data point (3.6% growth).

To me it looks like a U. Or maybe a backwards J. I dunno. Possibly another letter?

Posted by Eddy Elfenbein on April 26th, 2010 at 1:45 pm

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