Chairman of the Council of Economic Advisers Ed Lazear says a new report showing a shrinking GDP, indicates that the economy is weakening. Consumers cut back their spending by the biggest amount in 28 years during the July-September quarter.
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Showing posts with label gdp. Show all posts
Showing posts with label gdp. Show all posts
Thursday, October 30, 2008
White House Comments on Shrinking GDP
Chairman of the Council of Economic Advisers Ed Lazear says a new report showing a shrinking GDP, indicates that the economy is weakening. Consumers cut back their spending by the biggest amount in 28 years during the July-September quarter.
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