Michael Panzner writes:
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Yesterday, the Commerce Department reported that the U.S. economy shrank at a 0.3% pace in the third quarter. Although there is some question about whether government reported data reflects reality, one thing seems clear from looking at a cross-section of GDP data from other countries: economic contraction is widespread.
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GDP Statistic |
Latest Reading |
|
Japan GDP Chained Real Annualized QoQ% SA |
-3.00% (Q2) |
|
GDP US Chained 2000 Dollars QoQ SA |
-0.30% (Q3) |
|
STCA Canada GDP All Industries Chained 2002 Prices SA MoM |
-0.30% (AUG) |
|
Germany GDP Chain Linked Pan German QoQ |
-0.50% (Q2) |
|
France GDP QoQ |
-0.30% (Q2) |
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Italy Real GDP QoQ SA WDA |
-0.30% (Q2) |
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UK GDP Chained GDP at Market Prices QoQ |
-0.50% (Q3) |
(Data source: Bloomberg)
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