U.S. GDP Shrank 3.8% Last Quarter, Most Since 1982

Friday, January 30, 2009

The 3.8 percent annual pace of contraction in the final three months of last year was less than forecast, with a buildup of unsold goods cushioning the blow. Without the jump in inventories, the decline would have been 5.1 percent, the Commerce Department said today in Washington.

This entry was posted on Friday, January 30th, 2009 at 12:22 pm and is filed under Financial crisis, Sex & Metropolis. You can follow any responses to this entry through the RSS 2.0 feed. | 355 views | Trackback | Print this page |

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U.S. GDP Shrank 3.8% Last Quarter, Most Since 1982

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