Recession of 2009/Addendum: Difference between revisions

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==Economic indicators==
== Recent economic developments==


===Autumn 2008===
===Autumn 2008===

Revision as of 03:18, 24 October 2008

This article is developing and not approved.
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This addendum is a continuation of the article Recession of 2009.

Recent economic developments

Autumn 2008

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

The oil price falls. (October US light $67/barrel, down fron July $147 peak)[3].

UK output falls - by 0.5% between second and third quarters of 2008 [4].

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 [5]. 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 [6] United States 2.0 1.7 0.0
18 October 2008 Item Club [7] United Kingdom 3.0 1.0 -1.0 1.0 2.9