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Economy in freefall? 1Q revision shows shrinkage of 2.9%
Fox News America's economy shrank at a drastic 2.9 percent annual rate in the first quarter, a far more alarming picture than ones painted in two previous government estimates — including one that actually claimed modest growth. The new figure released … Economy shrank 2.9% in 1Q, worst drop since '09 US economy collapses in first quarter, but growing again Economy in First Quarter Was Worse Than Everybody Thought |