America’s GDP decreased at an annual rate of 3.8% in the fourth quarter of 2008, according to the official first estimate. Had it not been for a sharp rise in the quarter of inventories, economic output would have fallen by just over 5%.
Monday, February 9, 2009
America’s GDP Decreased at an Annual Rate of 3.8% in the Fourth Quarter of 2008
America’s GDP decreased at an annual rate of 3.8% in the fourth quarter of 2008, according to the official first estimate. Had it not been for a sharp rise in the quarter of inventories, economic output would have fallen by just over 5%.
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