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International Law

: Lightbulb IP blog

Official estimate of 2009 GDP deficit of US - $1 trillion

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[The United States federal government deficit] has been officially forecast at US$1 trillion for 2009 - double the 2008 deficit and equal to about 7.5% of US gross domestic product - without Mr Obama's proposed stimulus package, but some private sector economists forecast a deficit of as much as US$1.5 trillion. Quoting Editor's Opinion, Obama's weight of the world , The Australian Financial Review, 9 January 2009, p. 50.

Full post as published by Lightbulb IP blog on January 08, 2009 (boomark / email).

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