Real gross domestic product -- the broadest measure of the economy's output -- probably fell at an annual rate of 0.6% in the third quarter, economists surveyed by MarketWatch
click to enlarge
The UK GDP has already declined 0.5% when 0.4% was expected.
Growth is likely to get much weaker, with economists now expecting three consecutive quarters of negative growth before an anemic recovery in the second half of 2009, assuming that credit markets recover some normal functioning soon. If they don't, growth could contract much more severely
Note, this is basically New Deal Democrat's debate of an anemic recovery or a deepening recession.