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The City Café

For those interested in sharing ideas and perspectives regarding local government.

gdp

Gross domestic product (GDP) is up for the third quarter of 2009. Not only is GDP up, but it is the largest increase in 8 quarters. So are we out of this recession? The economy is looking much better, but there are still some concerning issues, especially the high rate of unemployment (9.8% nationally). And one reason the 3rd quarter GDP is up 3.5% is due to the cash for clunkers program…there is still a lot of uncertainty about what this means for the 4th quarter.

 

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