revision

Robin Harding

The recession of 2008-09 keeps getting worse, even now. For the second time, the annual benchmark revisions to the GDP data have shown that the recession was deeper than previously thought. The decline in GDP is now put at 5.1 per cent rather than 4.1 per cent.

By the magic of FRED, here it is in levels (green is before the 2010 revisions, blue before the 2011 revisions, red is today): Read more >>