U.S. economy shrinks 6.1 percent in first quarter

Thursday, 30 April 2009, 03:03 Hrs
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Washington: 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.
Source: IANS
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