NPD says games already in recession

We're not sure who exactly said video games were "recession-proof," but, as you've probably already guessed, they were sorely mistaken. NPD senior account manager Michael Klotz detailed the incorrectitude at the Game Business Law summit, saying that the industry was already feeling the effects of the economic slowdown.

The games industry is still growing, but that growth slowed considerably towards the end of 2008, with 9% growth in August, 12% in October and 8% in November. Most embarrassing was September, which actually saw a 7% decline. And with that, we've just passed 80 words, which is the maximum amount of time we're able to focus on economics without blacking out. Thanks for hanging in there.

http://www.joystiq.com/2009/01/15/np...-in-recession/