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Reuters: Bernanke: Economy could shrink in 1st half 2008

Started by chris, April 02, 2008, 04:01:04 PM

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chris

Bernanke: Economy could shrink in 1st half 2008
      


WASHINGTON (Reuters) - The U.S. economy could contract in the first half of this year but should then pick up as aggressive interest rate cuts stimulate growth and financial and housing market woes recede, Federal Reserve Chairman Ben Bernanke said on Wednesday.
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