Monday, October 25, 2010

A very bumpy recovery

The rapid recovery experienced through May of this year seems to have stalled. Except for the drop in July, the economy seems to be growing at a rate around one percent now (compared to same month in 2009). The cumulative growth for the year through September is 2.8 percent.

Source: Cumulative GDP growth from Armstat (Blue); Monthly GDP growth (Orange) computed from Armstat published cumulative GDP and GDP deflator figures. Also see May and January posts.