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Tuesday, March 2, 2010

Sweden falls back into recession

They won't be the last either. The repugicans have so screwed the entire world up that it will be a generation before it is back to any sense of normalcy.

Although, technically it may not be as bad as it sounds, but it's still not good news.

From Reuters:
Gross domestic product contracted 0.6 percent in the fourth quarter from the third, against forecasts for a 0.3 percent increase.

The third-quarter GDP figure was revised to show a 0.1 percent quarterly decline from an original 0.2 percent gain, the statistics office said. This meant the economy fell back into recession, based on a widely held definition of the term.

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