The Gross Domestic Product is the measure of how big the economic pie we all share is quarter by quarter. Remember that it has to be growing at least 2% to make enough new jobs for all the new graduates, but much over 3% and inflation can set in. So here are the numbers for the last 17 quarters. You judge whether The Great Recession is over.
2007 1st quarter 0.9%
2nd 3.2%
3rd 2.3%
4th 2.8%
2008 1st o.7%
2nd 0.6%
3rd -4.0%
4th -6.8%
2009 1st -4.9%
2nd -0.7%
3rd 1.6%
4th 5.0%
2010 1st 3.7%
2nd 1.7%
3rd 2.6%
4th 3.1%
2011 1st 1.8%
So watch for the 2nd quarter numbers before you decide the Great Recession is over.
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