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Recession was deeper than gov’t previously thought

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The recession was deeper than the government previously thought.

The Commerce Department, in revisions issued Friday, estimates the economy shrank 2.6 percent last year — the steepest drop since 1946. That’s worse than the 2.4 percent decline originally estimated.

via Recession was deeper than gov’t previously thought – Yahoo! Finance.

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Written by admin

July 31, 2010 at 8:21 am

Posted in Economy

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