GMAT Takers Are Up 12% in 2008 - Less than Expected?

GMAT sign ups are up 12% for the first three months of 2008 compared to 2007, according to The Economist. I would see the numbers probably rise a bit more than that. I doubt that we've seen all the applicants who decided to start taking GMAT for the 2009 admission year - those folks will come in the Summer/Fall/Winter of 2009. Nevertheless, the article is optimistic about the MBA - there are signs of weakening job market (duh), but it is not a fallout that happened in 2000 and 2001. Offers are not revoked and internships are still there. Full Article link: http://www.economist.com/business/displaystory.cfm?story_id=11392358