Archive for July 31st, 2010

Deeper recession, slower recovery

Posted in Economy on July 31st, 2010 by Paul Deng – Be the first to comment

Friday’s GDP growth in 2Q came out as 2.4%, showing the recovery is losing momentum.

OB JK594 GDP G G 20100730100424 300x200 Deeper recession, slower recovery

(click to enlarge; source: WSJ)

Once again confirming this is not your average-Joe recession (see chart below):

deeper recession slower recovery Deeper recession, slower recovery