Economic Growth Or ‘Shrinkage’ Since 2006 (CHART)

Economic growth predictions are getting more positive for 2011 and the very rough consensus is around 3% GDP growth. Yesterday’s 3Q2010 final GDP reading (third of three readings) showed the economy grew at 2.6%. The first of three 4Q2010 GDP readings will be released January 28, and below is a chart showing all quarterly GDP readings since 2006. It’s a good picture of pre and post crisis economic activity. If the economy was George Costanza, it might have been yelling “I WAS IN THE POOL!!!” during that 2008-2009 period.