UOG economics professor explains impact of recession on island

<p>While the United States is officially in a recession,University of Guam Economics Professor Dr. Roseann Jones explains what this means for the island.&#160;The technical definition of a recession is two quarters of declines in real Gross Domestic Product growth.&#160;&#160; Dr. Jones said, “What does that mean?&#160;It means about six months of experience where people see higher levels of unemployment lower incomes and overall national production kind of declining as well.�&#160;</p>

September 29, 2009Updated: December 4, 2008

By KUAM News