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U.S. economy shrinks, profits plunge in Q4 (Reuters)

Started by riky, March 26, 2009, 03:01:53 PM

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riky

U.S. economy shrinks, profits plunge in Q4
    (Reuters)

 



Reuters - The U.S. economy shrank at its fastest pace since 1982 in the fourth quarter and corporate profits plunged a record $120.1 billion, pulled down by falling consumer spending and exports, government data showed on Thursday.


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