GDP growth was 2.6% in Q4 – so, “where’s the recession?” Caution:GDP growth in Q3 was 3.4%, so definitely there was deceleration in Q4;In Q4/07: GDP grew 2.5% - recession began the next quarter, i.e. Just prior to those announcements, all but Foot Locker announced declines in same store sales. and March 1 , Gap (230), JCPenney (18), Victoria Secret (53) and Foot Locker (165) announced store closures totaling a startling 466. Just prior to those announcements, all but Foot Locker announced declines in same store sales. And stop asking the snarky question: “Where’s the Recession?”

Source: Forbes March 04, 2019 04:41 UTC