The US economy face the worst decline since 1982!

The US economy face the worst decline since 1982!
Jan 31, 2009 01:13
FRANKENSTEIN Points: Join Date: Nov 29, 2004 Status: offline	According to FT news, "the data released tomorrow is likely to show that the US economy shrank at an annualised rate of roughly 6 per cent in the final quarter of 2008 – its worst performance since at least 1982." "The report will validate the belief that the US economy, which was already weakening before the intensification of the credit crisis in September, stepped down abruptly in the final months of the year." Source: FT News.

Jan 31, 2009 01:13

FRANKENSTEIN
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Join Date: Nov 29, 2004
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According to FT news, "the data released tomorrow is likely to show that the US economy shrank at an annualised rate of roughly 6 per cent in the final quarter of 2008 – its worst performance since at least 1982."

"The report will validate the belief that the US economy, which was already weakening before the intensification of the credit crisis in September, stepped down abruptly in the final months of the year."

Source: FT News.

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