The Recession : About 50% Worse than We ThoughtBy
The BEA just came out with its revised GDP numbers for the past few years. And not really a surprise, the recession now looks a lot worse than the data previously showed. From the fourth quarter of 2007, when the recession officially started, to the first quarter of 2009, the previous data shows real GDP declining by 2.2%, compared to a 3.5% drop in the new numbers. So the recession, measured by the drop in real GDP, is about 50% worse than we thought.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Ivanka Trump Faces Courtroom Showdown Over $785 Sandals
- Uber Losing Battle in London After Regulator Revokes License
- Mercedes Plots Tesla Attack With $1 Billion U.S. Electric Push
- How Electric Cars Can Create the Biggest Disruption Since the iPhone
- Hewlett Packard Enterprise Is Said to Plan About 5,000 Job Cuts