GDP has gone up two straight quarters, rising 2.2% in the third quarter after a year of contraction. In all of 2009, GDP fell 2.4%, the biggest drop for an entire year since 10.9% in 1946. GDP rose 0.4% in 2008 and 2.1% in 2007.
Interesting to see that both 2007 and 2008 had positive GDP growth. The 2009 GDP drop seemed a lot deeper than 2.4%. The employment situation certainly was a lot worse for people that lost their jobs or had hours reduced.
Jan. 21 (Bloomberg) -- The index of U.S. leading indicators rose more than anticipated in December, a sign the economy will keep growing through the first half of the year.
The New York-based Conference Board’s gauge of the outlook for the next three to six months climbed 1.1 percent, the most in three months, after increasing 1 percent in November. The gain exceeded the median forecast in a Bloomberg News survey for a 0.7 percent rise.
This is good news. The economy is finally picking up speed and showing signs of forward progress. There are nice GDP estimates at the end of the full article on bloomberg.com.
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