The unexpected further fall in US industrial production only points towards how much worse the recession could be. The data from post war recession (blue line in the chart) indicates that Ind.production should ideally start recuperating from the earlier lows, but the latest data from CFR shows even further dip..which is why the stimulus from govt. is much needed despite its limitations.
check this out : http://www.cfr.org/content/publications/attachments/2009OutlookFinal_Long.pdf
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