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Corporate & Securities Law

: California Business Law Blog

No recession? Strong U.S. growth tops estimates

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It is conventional wisdom today that all of the United States of America, including California, are in a recession. However, as is often the case, the conventional wisdom appears to be incorrect: A recession is typically defined as two consecutive quarters of negative economic growth, but the just-released second quarter 2008 U.S. economic growth rate numbers show a healthy growth rate of 3.3%, akin to the average rate of growth in the Reagan and Clinton administration "boom" years, and topping read more

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Full post as published by California Business Law Blog on August 28, 2008 (boomark / email).

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