Word: gdp
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...government reported that fourth quarter GDP contracted at an annual rate of 3.8%. That does not approach the 7.8% in the second quarter of 1980 or the 10.4% post-war record set in the first quarter of 1958. The consensus estimate among analysts was for a 5.4% drop...
...concerns that economists will have to have is whether some of the effects of consumer spending and corporate investments have slipped into the current quarter. If so, that will have to be added to GDP contraction which is already almost certainly much worse than in Q4. Based on early statistics about consumer confidence, employment, real estate prices, and capital spending a GDP contraction in the range of 10% should not be a surprise...
...fourth quarter GDP number may have been a little better than expected. Joblessness and a bleeding off of some of that overstocked inventory spell a historic drop...
...even if he seems half-ready to douse them in Gatorade. Readers' reactions will likely hinge on whether they consider the Super Bowl the apotheosis of sport or of marketing. For many, the game - whose broadcast reaches some 100 million viewers and possesses an economic footprint larger than the GDP of 25 nations - has had its appeal overshadowed by the neon-lit, focus-grouped spectacle that surrounds it. St. John anticipates those sentiments. "Sure, this billion dollar game harbors the crass and the commercial," he concedes. "But for a few short hours at least, the truly base and the evil...
...billion to $25.1 billion. After oil exports, money sent home from workers abroad--mostly from the U.S.--is the largest source of foreign income in Mexico. The central bank expects remittances to keep falling in 2009, thanks in part to layoffs in the U.S. construction sector; Mexico's overall GDP is also expected to shrink. A January report from the Pew Hispanic Center showed that while the same percentage of Latino immigrants is sending money home as in previous years, the amount per person is dropping. An estimated 70% sent less money in 2008 than...