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Consumers Cutback, GDP Contracts in Third Quarter, a Recession Call?
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Posted by sohot 68 days ago (myvoiceoflife.blogspot.com).  Views: 30
Tags: gdp  economy  economic growth  consumers  recession
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The U.S. economy shrank during the third quarter as consumers cut back on their spending by the largest amount in 28 years, underscored the terrible toll of the housing, credit and financial crises as well as sent the strongest signal the country has plunged into recession.

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