Unsurprisingly, the first 2009 numbers are worse than expected. Economists had projected a 4.7 percent decline, but the Advance report from the BEA has it at 6.1 percent. This is the worst two-quarter contraction since Q1 1958. And in other economic news, it looks as if six banks have failed the so-called stress tests, including Bank of America and Citi.
| Quarter | Adv | Pre | Final | Rev | Annual |
| 2009 Q1 | -6.1 | — | — | — | 2008 Q4 | -3.8 | -6.2 | -6.2 | -6.3 | 1.1 (1.3) | 2008 Q3 | -0.3 | -0.5 | -0.3 | -0.5 |
| 2008 Q2 | 1.9 | 3.3 | 2.8 | 2.8 | 2008 Q1 | 0.6 | 0.9 | 1.0 | 0.9 |
| 2007 Q4 | 0.6 | 0.6 | 0.6 | -0.2 | 2.0 |
| 2007 Q3 | 3.9 | 4.9 | 3.9 | 4.8 | |
| 2007 Q2 | 3.4 | 4.0 | 3.8 | 4.8 | |
| 2007 Q1 | 1.2 | 0.5 | 0.6 | 0.1 | |
| 2006 Q4 | 3.5 | 2.2 | 2.5 | 1.5 | 2.8 |
| 2005 Q4 | 1.1 | 1.6 | 1.7 | 1.3 | 2.9 |
| 2004 Q4 | 3.1 | 3.8 | 3.8 | 2.4 | 3.6 |