Q4 GDP -6.2%

Maybe Obama needs to hurry up and change his 3.2% growth assumptions for next year. After a first reading of 3.8%, one that was inflated by inventory, Q4 GDP estimates now indicate a decline of 6.2%

Anyway, between Citi and the rest it’s looking like an ugly day, with pre-market indices down around 2%.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.