Tencent Finance Zhang Bohan
U.S. government data showed, as consumers and businesses cut their spending, the U.S. economy in the fourth quarter the economy into deeper recession.This is a nearly 27-year low.
U.S. Commerce Department last Friday said fourth-quarter GDP fell 3.8%, second only to 1982, a quarter of 6.4%.2008 third-quarter GDP fell by 0.5, which is following the fourth quarter of 1990, the first quarter of 1991, the United States again, two consecutive quarters of GDP decline.


2008 year, GDP grew by 1.3%, 0.8% since 2001Since the slowest growth rate.

before the Commerce Department report showed that consumer spending, which accounts for two-thirds of U.S. economic activity fell 3.5%.

expenditure on durable goods such as cars and furniture, expenses decreased by 22.4% decline since 1987, a new high since the first quarter.

slump in demand for the investment business fell 19.1%, since 75 years a new high since the fourth quarter decline.Residential investment dropped by 23.6%.

sharp economic recession to inflation pressures, CPI in the third quarter to a record 5.5% in the fourth quarter fell to 5%.Excluding food and energy items, core prices rose just 0.6 percent, the lowest since 1962 lowest since the fourth quarter.Core PCE price index rose 2.4% in the third quarter.
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