The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.
But, as Clusterstock points out, the drop in real final sales was greater at 4.9%.
The country made up the difference by stuffing unwanted goods onto store shelves
No surprise, but still not pleasant to see. What do you think about Q1? I’m going with 6% drop in GDP. Who wants to go lower?