Thursday, October 29, 2009

The GDP report

OK, well, it's certain now that the US is coming strongly out of recession. Third quarter GDP rose over 3% on an annualised basis, meaning that the recession is obviously over.....for that is the technical definition of when it's over, that GDP is rising again.

There might still be concern about a W shaped recession, it might be that growth won't continue: and that's goiing to be the argument of those who want another stimulus. But for most economists this will be the sign that it's all over. Or rather, that it's not going to get any worse at least.

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