tag:blogger.com,1999:blog-11027528911364475.post2633906711757506651..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: GDP... How was It?Jakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11027528911364475.post-71014623307332761862009-02-28T19:45:00.000-08:002009-02-28T19:45:00.000-08:00Dave- Real GDP growth does not need to be negative...Dave- Real GDP growth does not need to be negative for the economy to be in recession. Recessions are determined by a panel of economists at the NBER; they look at employment data, incomes, industrial production, GDP, and many other economic indicators. It's more of an art than a science.<BR/><BR/>It should also be noted that the -6.2% number is ANNUALIZED, i.e., the quarterly change is multiplied by four. In order for a year-over-year GDP decrease of -6.2% four consecutive quarters would need to see -6.2% annualized economic growth. Hope that helps!The guy that allocates assetshttps://www.blogger.com/profile/09044077124797154648noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-62213897129254176902009-02-27T06:02:00.000-08:002009-02-27T06:02:00.000-08:00I need some context. According to the report, GD...I need some context. According to the report, GDP increased 1.1% for all of 2008, despite the economy being in a recession for the entire year.<BR/><BR/>How is this possible?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-7032445758554328002009-02-27T05:35:00.000-08:002009-02-27T05:35:00.000-08:00-6.2%-6.2%Hemanthttps://www.blogger.com/profile/12593440541875247103noreply@blogger.com