Wednesday, March 18, 2009

Merril Lynch forecasting -9.1% GDP contraction in Q1/2009

Wow - makes my prediction of -4.3% look like a call to rejoice . Not sure how ML arrived at that rather staggering number but lets hope David Wolf was just trying to get some publicity because if he's right, it will mean a lot more pain for Canadians.

1 comment:

High CD Rates said...

I don't believe in this figure. How could Merril Lynch forecast the figure like this. I believe and agree that GDP will remain in -ve figures but not this much.