Recession of 2009/Timelines: Difference between revisions
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imported>Nick Gardner |
imported>Nick Gardner |
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===2008, 4th quarter=== | ===2008, 4th quarter=== | ||
The oil price falls. ( | The oil price falls. (November US light $60/barrel, down fron July $147 peak)[http://www.msnbc.msn.com/id/12400801/]. | ||
UK output falls - by 0.5% between second and third quarters of 2008 [http://news.bbc.co.uk/2/hi/business/7686552.stm]. | UK output falls - by 0.5% between second and third quarters of 2008 [http://news.bbc.co.uk/2/hi/business/7686552.stm]. | ||
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China's GDP growth rate falls - to a 9 per cent increase in the third quarter of 2008 over the 3rd quarter of 2007 [http://www.econbrowser.com/archives/2008/10/middle_kingdom.html] | China's GDP growth rate falls - to a 9 per cent increase in the third quarter of 2008 over the 3rd quarter of 2007 [http://www.econbrowser.com/archives/2008/10/middle_kingdom.html] | ||
China announces a $586 billion fiscal stimulus [http://us.ft.com/ftgateway/superpage.ft?news_id=fto111020081508401348] | |||
Revision as of 13:12, 15 November 2008
2008, 4th quarter
The oil price falls. (November US light $60/barrel, down fron July $147 peak)[1].
UK output falls - by 0.5% between second and third quarters of 2008 [2].
Bank of England slashes its discount rate by an unprecedented 1.5 per cent to 3 per cent.
US output falls - by 0.3% between second and third quarters of 2008 [6]
China's GDP growth rate falls - to a 9 per cent increase in the third quarter of 2008 over the 3rd quarter of 2007 [3]
China announces a $586 billion fiscal stimulus [4]