The Industry Standard - GDP growth rate will be negative for Q1 2009? - Comments

Thanks David. Judged as

Ian Lamont — Wed, 29 Apr 2009 13:26:53 -0400

Thanks David. Judged as correct.

Ian Lamont
Managing Editor
The Industry Standard
twitter.com/ilamont

It is official. 1Q09 GDP

David Kuan — Wed, 29 Apr 2009 12:45:21 -0400

It is official. 1Q09 GDP reported at -6.1%

http://jutiagroup.com/2009/03

David Kuan — Thu, 02 Apr 2009 16:48:48 -0400

http://jutiagroup.com/2009/03/27/gdp-shrinks-63-in-q4-q1-outlook-not-so-...
http://www.forrester.com/Research/Document/Excerpt/0,7211,46675,00.html

Latest estimate is that US

David Kuan — Tue, 24 Mar 2009 15:20:02 -0400

Latest estimate is that US Q109 GDP growth rate will come at -7%..

GDP growth rate will be negative for Q1 2009?

Yi-Wyn Yen — Thu, 19 Feb 2009 18:16:44 -0500

Gross domestic product -- a gauge of the U.S. economy that measures all goods and services produced by U.S. businesses -- slid an annual rate of 3.8% in the fourth quarter last year from the previous quarter. The GDP nosedive was the largest in 26 years as consumers pulled back spending on cars and furniture and sales of software and equipment tanked.

With the Dow Jones Industrial Average dropping below 7500 for the first time since mid-September and bellweathers like Hewlett-Packard expecting revenue declines for the year, there's little hope of a quick turnaround. Economists are revising their Q1 2009 GDP forecasts downward.

Prediction: The growth rate of the GDP will be negative for the first quarter of 2009. This prediction will use the Bureau of Economic Analysis' preliminary estimates which will be released around the end of April.