Times are tough in some areas but for months I've been avoiding calling the mess a recseesion. Some took me to task for that. I had my head in the sand they said.
But news now shows a bit of growth. That doesn't happen in a recession folks. A recession is defined as a decline in GDP for two or more consecutive quarters.
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the first quarter of 2008, according to advance estimates released by the Bureau of Economic Analysis on Wednesday. In the fourth quarter of 2007, real GDP also increased 0.6 percent.
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