blinded1

Is China's Recession Worse Than We Thought?

has the author take Economics 101, and know anything about recession? By the most pessimistic estimation, China will have a GDP growth rate of POSITIVE 5% for 2009. For the last 3-4 months, it has growth rate above 7%, although it was a sharp contrast to what it had a year ago. If this is recession, any country has ever been out of recession? Or maybe the author has a difference definition of 'recession' known to no one.