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Economy Shrinks By The Most Since 2001

Discussion in 'Fundamental Analysis' started by ActionForex.com, Oct 30, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The preliminary reading of third quarter GDP indicated that the U.S. economy shrank 0.3%, the most since the 2001 recession, as the two decade expansion in consumer spending ended. The contraction was less than the 0.5% economists had expected. Consumer spending contracted at a 3.1% annual pace after economists estimated...

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