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recession ahead? productivity DOWN 1 percent ...?
news today [Wedn 4 May] reports productivity was down one percent in 1Q 2016. since the growth rate of working age population wasn't over 1 percent [and likely won't be for a long, long time], it follows that GDP was probably down in 1Q 2016.
That means, if 2Q is also down, we'll officially be in a recession.
good going Obama. Recession just in time for the 2016 elections.
does anyone else think that HiLiarY will have a tough time defending this in November?
3 Answers
- anonimitieLv 75 years ago
It will be easy to defend since the economy is doing well. Ten year T-Bill rates are still ridiculously low, household incomes are up, poverty is down, and unemployment is decreasing as well. Compared to any other country's economy, the US is doing fine.
You didn't bother to cite a, "news," source but, below are some reputable sites that will sort you out.
Source(s): https://www.treasury.gov/resource-center/data-char... http://www.nytimes.com/2016/09/14/business/economy... http://www.nytimes.com/2016/10/18/upshot/q-and-a-w... - ?Lv 55 years ago
Yes. Obama sort of saved the economy. Lol he got it just above recession level. he had eight years to fix it and what has he done
- ?Lv 75 years ago
The Recession the GOP has been praying for for 8 years will happen eventually by the law of averages.