Monday, January 12, 2009

4th Quarter GDP: Decrease 5% to 9%???

There is no debate that the U.S. economy is in terrible shape at the moment.

Nearly 2.6 million jobs were lost last year, with the majority of them coming in the final four months of the year. And some economists are forecasting as much as a 5% to 9% drop in economic activity during the fourth quarter, which could be the biggest drop in 50 years.
But some economists are starting to believe that there could be a much stronger and quicker recovery than is now widely expected.

read the CNN story

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