The Onion On 4Q GDP Contraction

The first of three 4Q GDP yesterday showed that economic growth contracted 0.1% (report/chart), which was well below already weak expectations for 1.1% growth. Lots of official reactions and analysis (links below) but most entertaining reactions are from The Onion’s American Voices series. Here’s my favorite (click image for more)…


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Reference:
American’s React To Economy Shrinking (The Onion)

The Only Chart You Need On GDP (WashingtonPost WONKBLOG)

Why Did Economists Get 4Q GDP Wrong? (WSJ)

A great summary of 4Q GDP and outlook from here (Bill McBride, CalculatedRisk)