No light at the end of the tunnel
The latest macro economic news reported early in the morning, showed how bad the economic environment is. The Gross domestic product fell 6.2% in the fourth quarter, a contraction that surpassed the previous estimates and that was the most severe since 1982. The fall in consumption, production and exports were the factors most penalized. Forecasts advanced surpassed for a large margin the estimates of 5.4% of economists consulted by the news agency the U.S., with the largest contraction since 1982.The drop in consumer spending, representing about 70% of the country's economy, recorded the largest decline in almost three decades, which severely penalized the performance of the GDP. The production and exports also decreased in the fourth quarter.This is a clear indication that U.S. is in a deep recession without signals of improvement. No light at the end of the tunnel.
AC
