Big Fall in US GDP

Revised 2008 Q4 GDP figures show that the US economy changed by:


Source (pdf, 148kb)

This is revised downwards from the initial release of -3.8%.

2008 Q3 GDP remained at -0.5%.

Bloomberg: Worst since 1982.

Entrail reader median figure was -5.4%, so this is higher than expected.

Current Dollar GDP for 2008 Q4 is now $14.2003 Trillion. I have been using $14.26 Trillion for the debt watch.

Prelim debt watch figures:

GDP: $14.2003 Tr
Public Debt: $6,530,807,049,597.79 (2009-02-25)
Debt/GDP Ratio: 46.0%

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