EconWatch.com > U.S. economy shrinks 6.1 percent | FP Passport

[FP Passport] Again, very, very bad news for the U.S. economy: after contracting at a 6.3 percent annual rate in the final quarter of 2008, it contracted at a 6.1 percent rate in the first quarter of 2009.

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[FP Passport] World Bank: global economy will shrink for first time on record ...: A modest recovery might be coming in 2010..."However, continued banking problems or even new waves of tension in financial markets could lead to stagnation in global GDP or even to another year of decline in 2010."

[ppidgeon] ppidgeon: World Bank: global economy will shrink for first time on ...: ppidgeon's status on Wednesday, 01-Apr-09 00:14:00 UTC.

[FP Passport - blogging on global news, politics, economics, and ideas] US economy shrinks: The US government released its estimate of the country's third-quarter GDP growth this morning, and the news is grim, but not terrible: The economy contracted by 0.3 percent over the summer, driven largely by a plunge in consumer .

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