signor_john - 3:03 pm on Jan 24, 2009 (gmt 0)

Short answer: NO

A more accurate short answer would be "It depends."

Overall, AdSense revenues (and average publisher revenues) can't help but be impacted by the global economic crisis, but averages are just averages. It's like anything else: When the unemployment rate goes up, that doesn't mean some people aren't getting jobs or raises. And when the economy is moving along at a healthy clip, that doesn't mean some people aren't living in cardboard cartons.