Recession of 2009/Addendum: Difference between revisions

From Citizendium
Jump to navigation Jump to search
imported>Nick Gardner
imported>Nick Gardner
Line 5: Line 5:
===Autumn 2008===
===Autumn 2008===


'''US industrial production falls'''. Chicago Federal Reserve Bank's National Activity Index (CFNAI) falls from -1.61 for  August to -2.57 for September, mainly on steep fall in industrial production.
'''US industrial production falls'''. Chicago Federal Reserve Bank's National Activity Index (CFNAI) falls from -1.61 for  August to -2.57 for September, mainly on steep fall in industrial production [http://www.chicagofed.org/economic_research_and_data/cfnai.cfm].


'''Credit crunch eases slightly''' in late October - after steep rises in September[http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4992350.ece] [http://www.economist.com/finance/displaystory.cfm?story_id=12480863].
'''Credit crunch eases slightly''' in late October - after steep rises in September[http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4992350.ece] [http://www.economist.com/finance/displaystory.cfm?story_id=12480863].

Revision as of 06:27, 26 October 2008

This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Timelines [?]
Tutorials [?]
Addendum [?]
 
This addendum is a continuation of the article Recession of 2009.

Recent economic developments

Autumn 2008

US industrial production falls. Chicago Federal Reserve Bank's National Activity Index (CFNAI) falls from -1.61 for August to -2.57 for September, mainly on steep fall in industrial production [1].

Credit crunch eases slightly in late October - after steep rises in September[2] [3].

The oil price falls. (October US light $67/barrel, down fron July $147 peak)[4].

UK output falls - by 0.5% between second and third quarters of 2008 [5].

Forecasts and outturns

Annual percentage growth in Gross Domestic Product
(forecasts are shown in italics)
Date Source Country 2007 2008 2009 2010 2011
02 October 2008 International Monetary Fund [6]. United States 2.0 1.6 0.1
United Kingdom 3.0 1.0 -0.1
France 2.2 0.8 0.2
Japan 2.1 0.7 0.5
China 12 10 9
World 5.0 3.9 3.0
08 October 2008 Conference Board [7] United States 2.0 1.7 0.0
18 October 2008 Item Club [8] United Kingdom 3.0 1.0 -1.0 1.0 2.9