The good news, the bad news, and the worse news on the economy

The good news is that US quarterly productivity figures just got revised upwards. The bad news is that this is pretty standard for slowdowns/recessions, because companies tend to cut their least productive operations and employees first. The worse news is that the OECD just cut its US forecast for the next two years, to 1.2% and 1.1%, down from 2.0% and 2.2% in its December estimate. That's expected to seriously erode the performance of the OECD as a whole, which is now expected to grow at a sub-2% rate through 2009. Time to start brown bagging those lunches.

Presented by

Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

What LBJ Really Said About Selma

"It's going to go from bad to worse."

Video

Does This Child Need Marijuana?

Inside a family's fight to use marijuana oils to treat epilepsy

Video

A Miniature 1950s Utopia

A reclusive artist built this idealized suburb to grapple with his painful childhood memories.

Video

Why Principals Matter

Nadia Lopez didn't think anybody cared about her school. Then the Internet heard her story.

More in Business

Just In