EconWatch.com > t r u t h o u t | Economy Shrinks at Fastest Pace in 26 Years

[Truthout - All Articles]     Washington - The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.

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[Business] Economy shrinks at fastest pace in 26 years - Press-Telegram: Saturn in San Antonio: The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. (AP Photo/Eric Gay)

[News 14 - TOP STORIES] News 14 | 24 Hour Local News | TOP STORIES | Economy shrinks at ...: Fed Chairman Ben Bernanke earlier this week told Congress that the economy is suffering a "severe contraction" and is likely to keep shrinking in the first six months of this year. But he planted a seed of hope that the recession might end his year if the government managed to prop up the shaky banking system.

[AP - Markets] RealClearMarkets - AP - Markets - Feb 27, 2009 - Economy shrinks ...: In the fourth quarter, consumers cut spending at a 4.3 percent pace. That was deeper than the initial 3.5 percent annualized drop and marked the biggest decline since the second quarter of 1980.

[Lucianne.com News Forum - HomePage - RSS] Lucianne.com News Forum - Thread: WASHINGTON -- The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.(Snip)The new report offered grim proof that the economy's economic tailspin accelerated in the fourth quarter under a slew of negative forces feeding on each other.

[Jobs at home - Legit Home Based Work] U.S. Economy Shrinks At Staggering Pace (CBS News): The government says the economy shrank at a 6.2 percent pace at the end of 2008, the worst showing in a quarter-century. Consumers and businesses ratcheted back spending, plunging the country deeper into recession. Feb 27, 2009 ...

[KCRA.com - National News Headlines] Economy Shrinks At Fastest Pace In 26 Years - Money News Story ...: WASHINGTON -- The government said the economy shrank at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century.

[San Francisco Sentinel] ECONOMY SHRANK AT FASTEST PACE IN 27 YEARS: “Because fourth quarter GDP was supported by a dubious increase in inventories, today’s positive data surprise is a significant burden for the upcoming quarters,” said Harm Bandholz, an economist at UniCredit Markets and Investment Banking in New York.

[BusinessRover Blog] Economy shrinks at fastest pace in 26 years (AP): AP - The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. Read Original Post Here · Add to Yahoo · Add to Google · Furl this · Add to Spurl · Save to Del.icio.us · Digg IT! This entry was posted on Friday, February 27th, 2009 at 2:53 pm and is filed under Economy. ... BusinessRover.com Business Blog.

[BlackListed News] Economy shrinks at fastest pace in 26 years - BlackListed News: Before Friday's report was released, many economists were projecting an annualized drop of 5 percent in the current January-March quarter. However, given the fourth quarter's showing and the dismal state of the jobs market, Mayland believes a decline of closer to 6 percent in the current quarter is possible.

[entertainment.mashget] Economy Shrinks By 6.2%, Worst In 25 Years - MashGet: Economy shrinks at fastest pace in 26 years. WASHINGTON - The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, ... This is where Bobby Jindal got his talking point from: http://www.youtube.com/watch?v =s0cpjhTRO28; BreakRoomLive: This is where Bobby Jindal got his talking point from: http://www.youtube.com/watch?v =s0cpjhTRO28; moko: nice your blog”¦. ...

[Breaking News] Economy shrinks even more than expected in 4Q - SGVTribune.com: WASHINGTON -The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. The Commerce Department report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop .

[SearchBeat.com Shout-Out Blog] The U.S. economy decreased as GDP drops by 6.2 percent ...: SearchBeat.com Shout-Out Blog covers what is happening on the Internet. From web site announcements and current events, SearchBeat.com Shout-Out Blog covers it!

[Rock the Vote Blog] Rock the Vote Blog: What You Need to Know: 02.27.09: "The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. The Commerce Department report released ... Existing shareholders would see their ownership stake shrink to as little as 26 percent and the bank said it is eliminating all dividends on common shares." Labels: what you need to know. posted by Justine at 11:00 AM ...

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