U.S. economy shrinks at 5.5% pace in first quarter

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Home>>Business >> World Business >> Americas

U.S. economy shrinks at 5.5% pace in first quarter

21:02, June 25, 2009

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The U.S. economy fell at a 5.5 percent pace in the first quarter, slightly less than the 5.7 percent annualized decline reported a month ago, the Commerce Department reported Thursday.

Source: Xinhua

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