http://moneymorning.com/2009/02/28/us-gdp-economy/ Global Investment News Fri, 19 Mar 2010 14:34:57 -0500 http://wordpress.org/?v=2.9.1 hourly 1 http://moneymorning.com/2009/02/28/us-gdp-economy/comment-page-1/#comment-5534 Russia's Economic Demise Could Turn "BRIC" to "BIC" Tue, 03 Mar 2009 10:00:11 +0000 http://www.moneymorning.com/?p=5276#comment-5534 [...] Russia’s Economic Development Minister Elvira Nabiullina projects a 2.2% gross domestic product (GDP) decline for 2009, according to EurasiaNet. But the current global financial crisis is making previous estimates look foolish and impossibly rosy (U.S. GDP was originally estimated to fall 3.2% for the fourth quarter. In reality, GDP plunged 6.2%). [...] [...] Russia’s Economic Development Minister Elvira Nabiullina projects a 2.2% gross domestic product (GDP) decline for 2009, according to EurasiaNet. But the current global financial crisis is making previous estimates look foolish and impossibly rosy (U.S. GDP was originally estimated to fall 3.2% for the fourth quarter. In reality, GDP plunged 6.2%). [...]

]]> http://moneymorning.com/2009/02/28/us-gdp-economy/comment-page-1/#comment-5533 Elizabeth Brown-Debtcc community member Sat, 28 Feb 2009 11:53:47 +0000 http://www.moneymorning.com/?p=5276#comment-5533 I don't know how can Mr. Bernanke be so confident about the recovery of the US economy by 2010. Because at present the US government has accumulated the deficit of trillion dollars. It's not possible to make up the deficit within next two or three years. So the statement that Mr. Bernanke has made that "there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.", I can not agree with that. We should be little patient and give some time to Mr. Obama so that he can take the graph of our economy upwards. Thank you. I don’t know how can Mr. Bernanke be so confident about the recovery of the US economy by 2010. Because at present the US government has accumulated the deficit of trillion dollars. It’s not possible to make up the deficit within next two or three years. So the statement that Mr. Bernanke has made that “there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.”, I can not agree with that. We should be little patient and give some time to Mr. Obama so that he can take the graph of our economy upwards. Thank you.

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