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Wednesday, December 24, 2008

Economy and housing sales post declines (AP)

Shoppers enter the Leytonstone branch of Woolworths, which has filed for administration, in east London on December 11. The economy, hammered by the global financial crisis, shrank more sharply than previously thought in the third quarter, official data showed on Tuesday which placed it closer to a recession.(AFP/File/Shaun Curry)AP - The longest recession in a quarter century is snowballing, and some analysts warn that economic activity could plunge as much as 6 percent this quarter, which would be the largest decline since 1982.




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[Source: Yahoo! News: Most Recommended - Posted by FreeAutoBlogger]

posted by hbk at 10:46 AM

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