WASHINGTON (AP) — The U.S. economy shrank at a 6.3 percent pace at the end of 2008, the worst showing in a quarter-century. The Commerce Department has reported today that the economy was sinking a bit faster than the 6.2% annualized drop for the October-December quarter that was estimated a month ago.
This news-feed.com business / finance news update courtesy of The Associated Press (AP), the essential global news network.
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