Economy Shrinks Even More Than Expected In 4th Quarter

The economy contracted at a staggering 6.2 % pace at the end of 2008, the worst showing in a quarter-century. 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.

Topics:  economy   quarter   contracted   pace   staggering   showing   worst   

 

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