Thursday, February 28, 2008

US recession - is it coming?

From Wikipedia:
A recession is a decline in a country's GDP for two or more successive quarters of a year.


From cnn.money

GDP. A revised reading of gross domestic product, the broadest measure of the nation's economic activity, showed fourth-quarter growth remained at the same tepid 0.6% rate initially reported. Economists surveyed by Briefing.com thought growth would be revised up to 0.8% in the quarter.


So it means it's really a slow down... not recession... just yet... but probably, it is headed into one... scary... stock has been dropping dramatically... will it continue to drop more and more???

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