US economy shrinks 6.1 percent in first quarter

April 29th, 2009 - 8:20 pm ICT by IANS  

Washington, April 29 (DPA) The US economy contracted at an annual rate of 6.1 percent in the first three months of 2009, the US Commerce Department said in its initial estimate Wednesday.
That follows a 6.3-percent contraction in the final quarter of 2008 as the US battles through its worst recession in decades.

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