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GDP Slows Descent, Falls Just 1%

By Kevin Spak, Newser Staff

Posted Jul 31, 2009 8:00 AM CDT

(Newser) – The US economy contracted in the second quarter, but it was a mild decline that beat analyst estimates, Bloomberg reports. GDP fell 1%, less than the 1.5% economists predicted, and a heck of a lot less than the 6.4% and 5.4% drops... Read full story »

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GDP Slows Descent, Falls Just 1%

economic indicators • consumer spending • GDP • economy

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