Friday, January 30, 2009

3.8% fall in US economic output

US economic output falls sharply

US economic output fell 3.8% in the last three months of 2008, the worst quarterly contraction in more than 26 years, official figures have shown. Much steeper than the 0.5% fall between August and October, it is also the first time the US has seen consecutive quarterly economic declines since 2001.

Posted by phdinbubbles @ 01:48 PM (705 views)
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