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???
Thursday, February 28, 2008
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