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IPFS News Link • Economy - Economics USA

Economy in Freefall: 1Q GDP fell 12.1 percent without falling imports

05-01-2009 • Ritholtz.com/blog

What this means is that without the contribution from imports, GDP declined at 12.15% annual rate in Q1. In other words, all of the domestic activity was, as the employment numbers suggested, in free fall!

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