http://www.thestandard.com/node/126985/comments comments feed. en GDP growth rate will be negative for Q1 2009? http://www.thestandard.com/predictions/gdp-growth-rate-will-be-negative-q1-2009 <p> <p> </p> <p>Gross domestic product -- a gauge of the U.S. economy that measures all goods and services produced by U.S. businesses -- <a href="http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm">slid an annual rate of 3.8% in the fourth quarter last year</a> 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. </p> <p>With the <a href="/predictions/dow-jones-falls-below-7500-march-2009">Dow Jones Industrial Average dropping below 7500</a> for the first time since mid-September and bellweathers like <a href="http://www.nytimes.com/2009/02/19/technology/companies/19hewlett.html">Hewlett-Packard expecting revenue declines for the year</a>, there's little hope of a quick turnaround. Economists are revising their <a href="http://www.latimes.com/business/la-fi-econ31-2009jan31,0,4565464.story">Q1 2009 GDP forecasts downward.</a></p> <p>Prediction: The growth rate of the GDP will be negative for the first quarter of 2009. This prediction will use the <a href="http://www.bea.gov/index.htm">Bureau of Economic Analysis' preliminary estimates</a> which will be released around the end of April. </p> <p> </p> http://www.thestandard.com/predictions/gdp-growth-rate-will-be-negative-q1-2009#comments bailout package Barack Obama bureau of economic analysis Business & Finance financial crisis GDP Gross domestic product stimulus package tim geitner Wall Street Thu, 19 Feb 2009 18:16:44 -0500 Yi-Wyn Yen 126985 at http://www.thestandard.com GDP growth rate will be negative for Q1 2009? http://www.thestandard.com/predictions/gdp-growth-rate-will-be-negative-q1-2009 <p> <p> </p> <p>Gross domestic product -- a gauge of the U.S. economy that measures all goods and services produced by U.S. businesses -- <a href="http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm">slid an annual rate of 3.8% in the fourth quarter last year</a> 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. </p> <p>With the <a href="/predictions/dow-jones-falls-below-7500-march-2009">Dow Jones Industrial Average dropping below 7500</a> for the first time since mid-September and bellweathers like <a href="http://www.nytimes.com/2009/02/19/technology/companies/19hewlett.html">Hewlett-Packard expecting revenue declines for the year</a>, there's little hope of a quick turnaround. Economists are revising their <a href="http://www.latimes.com/business/la-fi-econ31-2009jan31,0,4565464.story">Q1 2009 GDP forecasts downward.</a></p> <p>Prediction: The growth rate of the GDP will be negative for the first quarter of 2009. This prediction will use the <a href="http://www.bea.gov/index.htm">Bureau of Economic Analysis' preliminary estimates</a> which will be released around the end of April. </p> <p> </p> http://www.thestandard.com/predictions/gdp-growth-rate-will-be-negative-q1-2009#comments bailout package Barack Obama bureau of economic analysis Business & Finance financial crisis GDP Gross domestic product stimulus package tim geitner Wall Street Thu, 19 Feb 2009 18:16:44 -0500 Yi-Wyn Yen 126985 at http://www.thestandard.com GDP growth rate will be negative for Q1 2009? http://www.thestandard.com/predictions/gdp-growth-rate-will-be-negative-q1-2009 <p> <p> </p> <p>Gross domestic product -- a gauge of the U.S. economy that measures all goods and services produced by U.S. businesses -- <a href="http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm">slid an annual rate of 3.8% in the fourth quarter last year</a> 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. </p> <p>With the <a href="/predictions/dow-jones-falls-below-7500-march-2009">Dow Jones Industrial Average dropping below 7500</a> for the first time since mid-September and bellweathers like <a href="http://www.nytimes.com/2009/02/19/technology/companies/19hewlett.html">Hewlett-Packard expecting revenue declines for the year</a>, there's little hope of a quick turnaround. Economists are revising their <a href="http://www.latimes.com/business/la-fi-econ31-2009jan31,0,4565464.story">Q1 2009 GDP forecasts downward.</a></p> <p>Prediction: The growth rate of the GDP will be negative for the first quarter of 2009. This prediction will use the <a href="http://www.bea.gov/index.htm">Bureau of Economic Analysis' preliminary estimates</a> which will be released around the end of April. </p> <p> </p> http://www.thestandard.com/predictions/gdp-growth-rate-will-be-negative-q1-2009#comments bailout package Barack Obama bureau of economic analysis Business & Finance financial crisis GDP Gross domestic product stimulus package tim geitner Wall Street Thu, 19 Feb 2009 18:16:44 -0500 Yi-Wyn Yen 126985 at http://www.thestandard.com GDP growth rate will be negative for Q1 2009? http://www.thestandard.com/predictions/gdp-growth-rate-will-be-negative-q1-2009 <p> <p> </p> <p>Gross domestic product -- a gauge of the U.S. economy that measures all goods and services produced by U.S. businesses -- <a href="http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm">slid an annual rate of 3.8% in the fourth quarter last year</a> 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. </p> <p>With the <a href="/predictions/dow-jones-falls-below-7500-march-2009">Dow Jones Industrial Average dropping below 7500</a> for the first time since mid-September and bellweathers like <a href="http://www.nytimes.com/2009/02/19/technology/companies/19hewlett.html">Hewlett-Packard expecting revenue declines for the year</a>, there's little hope of a quick turnaround. Economists are revising their <a href="http://www.latimes.com/business/la-fi-econ31-2009jan31,0,4565464.story">Q1 2009 GDP forecasts downward.</a></p> <p>Prediction: The growth rate of the GDP will be negative for the first quarter of 2009. This prediction will use the <a href="http://www.bea.gov/index.htm">Bureau of Economic Analysis' preliminary estimates</a> which will be released around the end of April. </p> <p> </p> http://www.thestandard.com/predictions/gdp-growth-rate-will-be-negative-q1-2009#comments bailout package Barack Obama bureau of economic analysis Business & Finance financial crisis GDP Gross domestic product stimulus package tim geitner Wall Street Thu, 19 Feb 2009 18:16:44 -0500 Yi-Wyn Yen 126985 at http://www.thestandard.com