Friday, February 27, 2009

GDP... How was It?

Traveling today with some posts to be delivered... wondering how much GDP was revised downward.

3 comments:

  1. I need some context. According to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 report, GDP increased 1.1% for all of 2008, despite cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 economy being in a recession for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 entire year.

    How is this possible?

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  2. Dave- Real GDP growth does not need to be negative for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 economy to be in recession. Recessions are determined by a panel of economists at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 NBER; cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y look at employment data, incomes, industrial production, GDP, and many ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r economic indicators. It's more of an art than a science.

    It should also be noted that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 -6.2% number is ANNUALIZED, i.e., cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 quarterly change is multiplied by four. In order for a year-over-year GDP decrease of -6.2% four consecutive quarters would need to see -6.2% annualized economic growth. Hope that helps!

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