Economy will post sharp declines in Q4, analysts say
Some economists predict that the economy could decline as much as 6% in the fourth quarter, which would amount to the worst quarterly drop since 1982. Government statistics show gross domestic product fell at an annual rate of 0.5% in the third quarter, while corporate profits declined 1.2%. "It will get a lot worse before it gets better," said Nariman Behravesh, chief economist at IHS Global Insight. "We are in the midst of the worst recession in the post-war period, even factoring in a massive stimulus program."
Sun (Baltimore), The
| 12/23
This story published in AGC SmartBrief on 12/24/2008
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