Q4 GDP Tumbles, As Expected
January 30, 2009 at 09:54 AM EST
Today’s report on last year’s fourth-quarter GDP wasn’t good. In fact, it was quite ugly. But it could have been a lot worse. Even so, the 3.8% contraction in the economy in 2008’s final three months was the steepest decline since 1982. The previous recession in 2001 never came close to what’s unfolding now. The 1990-91 [...]
