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Archive Home > 2008 > December > 24 > 3Q GDP dips 0.5%; 4Q outlook bleak

3Q GDP dips 0.5%; 4Q outlook bleak


December 24, 2008

WASHINGTON — 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 a 6.4 percent drop in the first quarter of 1982.

While government figures....

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