Impact of Retail Sales and Trade on Q4 GDP
Posted on December 11, 2008 at 17:30 PM EST
The two biggest inputs into GDP are consumer spending and trade. Therefore the 2.8 percent decline in retail sales and the surprise widening of the trade deficit in the month of October suggests that GDP growth could take a big dive in the fourth quarter. Word on the street is that some economists are calling for [...]
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