US economy shrinks by 6.1% last quarter

Australian Federal, State and Local Politics
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Jovial Monk

US economy shrinks by 6.1% last quarter

Post by Jovial Monk » Fri May 01, 2009 1:02 pm

U.S. economy ‘grows’ by -6.1% in first quarter of this year:

http://www.msnbc.msn.com/id/30472088/

Far fucking out, -25% growth in a year?

Woops:

That is very bad reporting - it is an annual growthrate of -6.1% or -1.5% for the quarter. Still a bad figure but not catastrophic.
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JW Frogen
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Joined: Fri Apr 25, 2008 9:41 am

Re: US economy shrinks by 6.1% last quarter

Post by JW Frogen » Sat May 02, 2009 12:14 pm

Not to worry, saint Obama will turn reality into dreams.
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