6% to 7% annualized growth = recession

6% to 7% annualized growth = recession

PostBy: lsayre On: Sat Sep 22, 2012 8:19 pm

In China they call it a recession when annualized GDP growth slows to 6%-7%. In the USA we're happy to see 2%.

http://www.cnbc.com/id/49120271

My take: Don't get confused by the MSM's recent take on this. When you hear the MSM suggesting (OK, cheering openly and gleefully) that China is nearing a recession, they are talking about China's annual growth falling to a level that we have never achieved in decades.
lsayre
 
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