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Posted on 2009-02-27, by Tom
February in the recession year 2009 has come to an end and it's friday. But do we have anything to celebrate? Industry workers among others are organizing protests, forcing governments to resign, culminating in riots and murder.
In the news today, the small country Sweden in the north of Europe, GNP decreased 4.9% (!) Q4 2008 (SCB) and unemployment reached 6.2% (SCB).
So, does anyone think 1930s..?
(Update) The US economy shrunk by a whopping 6.2% in the last three months, but grew 1.1% for the full year. Comparing with the data above, Sweden did a little bit better - but both numbers are really bad.