The US economy expanded 5.7% in the fourth quarter of 2009, making it the second straight quarter of growth, and the fastest in six years. However, it’s important to remember that for 2009 overall, real GDP shrank 2.4%, the largest decrease since 1946. So, it’s a gain for sure, but starting from a very low place and there’s a long way to go. Like jobs. Some jobs would be nice. [Bloomberg]
Economy Grows 5.7%, Still Sucks
By Ben Popken January 29, 2010
More From Consumerist
- Why Are Gas Prices Falling, But Trash Collection Fuel Surcharges Staying The Same?
- Why Are So Many Recent Car Loan Borrowers Missing Payments?
- Amazon’s ‘Make An Offer’ Button Could Do More Than Sell A Few Collectibles
- Here We Go Again: Bakery Owner Selling Business For $75, An Essay & A Cupcake Recipe
- People Who Bought Pontiac Silverdome For $583K Now Asking $30M For Run-Down Arena