{"id":109184,"date":"2009-12-28T17:53:00","date_gmt":"2009-12-28T22:53:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/chart-of-the-day-gdp-q3-2009-12"},"modified":"2009-12-28T17:53:00","modified_gmt":"2009-12-28T22:53:00","slug":"chart-of-the-day-that-horrible-q3-gdp-report-was-even-worse-than-you-thought","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/109184","title":{"rendered":"CHART OF THE DAY: That Horrible Q3 GDP Report Was Even Worse Than You Thought"},"content":{"rendered":"
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Last week the Commerce Department announced that in Q3 GDP had been revised down to 2.2% growth after first clocking in at a brisk 3.8%. The number was the latest blow to those who are still holding out hopes of a V-shaped recovery.<\/p>\n

Not only was the headline number disappointing, but a deeper drill-down is also depressing. As Goldman Sachs analyst Jan Hatzius pointed out in a recent note, major GDP components, including consumption, residential investment, and business investment decline in lockstop. There were no outliers distorting the number.<\/p>\n

Quite simply, across the board, things aren’t as good aswe thought… or hoped.<\/p>\n

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