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Week 4 Discussion Macroeconomics News 2

Week 4 Discussion Macroeconomics News 2 - unemployment on...

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The articles I found concurred. We are absolutely in a recession as far as the GDP is concerned. In the fourth quarter of 2008 our economy was at a 26 year low. The article further said we were headed for a financial meltdown with our exports reduced, spending decreasing, and
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Unformatted text preview: unemployment on the rise. Apparently we officially entered a recession in December of 2007. Source: http://news.oneindia.in/2009/03/27/united-states-gdp-shrinks-to-6-3-pc-in-q4.html...
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