GDP Shrinks by 3.8% in Q4

From CNBC:

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?


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