Painful economic contractions for the GDP

Friday, February 27, 2009

The Commerce Department is reporting that the economy contracted at a staggering 6.2% pace during the fourth quarter, the worst contraction in 25 years. Declines are across the board from consumer spending to business investment. Kelly Evans, an economics reporter for the Wall Street Journal joins us to help dissect and digest this.

Watch a video of Kelly Evans talking to her colleague Phil Izzo about how inventory build up at the fourth quarter inflated the GPD report.

Guests:

Kelly Evans

Hosted by:

Jerome Vaughn

Contributors:

Sitara Nieves

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