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January 29, 2016

4th Quarter Growth Rate Falls to 0.7 Percent

Must have been the unexpectedly mild early winter.


The U.S. economy's growth slowed sharply in the final three months of 2015 to a 0.7 percent annual rate. Consumers slowed spending, businesses cut back on investment and global problems trimmed exports.

The slowdown could renew doubts about the durability of the 6-year-old economic expansion, though most economists expect growth to rebound in the current January-March quarter.

Obviously the question is whether this is the crash landing signalling a new recession (which itself would be confirmation that we've just been scootching along in a Depression) or if we return to the anemic less-than-inflation-plus-population-growth we've so long enjoyed under Obama.


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posted by Ace at 12:38 PM

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