Today’s GDP Report

The GDP report for the fourth quarter was pretty ugly, though not as ugly as it could have been. Let’s also wait for the subsequent revisions, and revisions of those revisions. The initial report showed real growth of -3.8%.
Since inflation has been so tame, I was curious to look at nominal growth which was -4.05%. That’s the first down quarter in 25 years and the worst quarter in 50 years.

Posted by Eddy Elfenbein on January 30th, 2009 at 12:21 pm

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