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Tag: Shrinkage

George Costanza

U.S. Economic Shrinkage Worst in 25 Years

Either the U.S. economy was in the pool during the last three months of 2008 or the economic crisis is worse than expected. The nation’s GDP shrank 6.25 percent in the fourth quarter of last year, almost doubling the preceding quarter’s contraction rate of 3.8 percent.

Posted on Feb 27, 2009 READ MORE

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