Published 11/17/2008
by bernhard.warner
at The Big Money
More bad news to start the week: the U.S. economy will shrink further over the next two quarters, extending the current slump into early 2009, with the unemployment rate expected to peak at 7.5 percent, according to a new poll of economists released this morning, Reuters reports. The poll, taken by The National Association of Business Economists, says real GDP will fall by 2.6 percent in the current quarter and by 1.3 percent in first quarter of next year.
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