Gross Domestic Product

Two of the top five articles today centered around the decline of the GDP- one focuses on the Asian export market, the other on the transportation equipment industry in the Euro zone.

• China down 9% for 2008
• Japan down 35% for December
• South Korea down 5.6% for fourth quarter
• Singapore down 16.9 for fourth quarter
• Orders for transport equipment (motor vehicles, ships, trains and planes) dropped 6.3% on the month and 46.4 % for the year.