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Friday, July 31, 2009
US GDP contracted by just 1% in Q2 2009, less than expected and considerably better than the 6.4% fall in Q1...
though, it does mark the fourth straight quarter of decline, the longest streak for the US economy since records began in 1947...
and things have been 'worse than prior estimates'...
but it does appear the recession has, at the very least, bottomed out, which very, very good news.
Labels: financial crisis
