Recession of 2009/Addendum

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Revision as of 02:40, 23 October 2008 by imported>Nick Gardner (→‎Autumn 2008)
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This addendum is a continuation of the article Recession of 2009.

Economic indicators

Autumn 2008

Credit crunch gets worse in the US [1] and the UK [2].

Oil price falls. (October US light $67/barrel, down fron July $147 peak)

Forecasts and outturns

Annual percentage growth in Gross Domestic Produce
(forecasts are shown in italics)
Date Source Country 2007 2008 2009 2010 2011
02 October 2008 International Monetary Fund [3]. 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 [4] United States 2.0 1.7 0.0
18 October 2008 Item Club [5] United Kingdom 3.0 1.0 -1.0 1.0 2.9