July 31, 2009
ECONOMISTS VS ECONOMICS:
Revised Data Soften View of '01 Slump (SUDEEP REDDY , 8/01/09, WSJ)
Data for the 2001 recession had shown that the nation's gross domestic product declined 0.2% from the fourth quarter of 2000 to the third quarter of 2001. On Friday, the government said GDP actually grew 0.1% during the recession.
In other words, it wasn't a recession any more than '91 was. Posted by Orrin Judd at July 31, 2009 8:39 PM
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