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Daily News

U.S. Economy Declined 0.5% in 3Q
Dec 23, 2008
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The Commerce Department reported today that the gross domestic product, the broadest measure of economic health, declined at an annual rate of 0.5% in the July-September quarter, while corporate profits fell 1.2%.

Some believe the GDP plunge could be as large as 6% in the current October-December quarter, which would make it the largest decline since a 6.4% drop in 1Q 1982.

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