Your English writing platform
Discover LudwigExact(8)
That's roughly twice the GDP drop (4.2percentthethe United States suffered in the Great Recession.
The Fed isn't worried about the GDP drop, and 3 other takeaways.
Peter Spiegel (@SpiegelPeter) Biggest y-o-y 4Q GDP drop in #eurozone, according to @EU_Eurostat: 1. #Cyprus (-5.3%), 2. #Greece (-2.6%), 3. #Finland (-1.4%).
The negative economic data recently has been waved off by any number of economists, who dismissed the GDP drop into negative territory, for instance, as an anomaly.
Canada has actually seen its health-care spending as a share of GDP drop by a percentage point over the past five years, thanks to efforts to contain costs.
"We're growing again and the figures prove it," tweeted the economy minister, Nicolás Dujovne, on Tuesday, pointing out that GDP was up 0.5% and 0.1% during the third and fourth quarters of last year – despite the average GDP drop of 2.3% for the whole year.
Similar(52)
Photograph: ANDREA COMAS/REUTERS 8.21am GMT Spanish fourth quarter GDP drops 0.8% There is some miserable data out of Spain this morning, which saw its GDP figures revised down to -0.8% for the final quarter of last year, from an initial estimate of -0.7% That means the Spanish economy shrank by 1.9% over the year.
Its formal GDP dropped by 53% last year, says the IMF.
In 1982 and 1983, GDP dropped by 19percentnt.
GDP dropped in each of the currency zone's three largest countries.
ECONOMY Colombia's GDP dropped by 2.3% in the year to the fourth quarter.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com