Jul 16 2008
Reuters: Let the Truth Be No Barrier
In macroeconomics, a recession is generally associated with a decline in a country’s real gross domestic product (GDP), or negative real economic growth. According to widespread definition, a recession occurs when real growth is negative for two or more successive quarters of a year.
Recession defined according to Reuters:
So… We have slow growth and a recession happening at the same time according to Reuters.
Nice one!
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July 17th, 2008 at 1:16 pm
Remember, these are the same idiots who consider a decrease in the rate of increase of a federal budget a draconian cut.