ECONOMIC NOTICE

BELOW IS A QUOTE FROM THE NEW YORK TIMES YOU WILL FIND INTERESTING!

Breaking News Alert 

From The New York Times 

Friday, July 31, 2009 — 8:40 AM ET 

—– 

 

U.S. Economy Shrank Less Than Expected in Quarter 

 

The latest government report shows the economy contracted at 

a 1 percent annual pace in the second quarter, a 

better-than-expected showing and the strongest signal to date 

that the recession, the longest since World War II, is 

finally winding down. 

 

The Commerce Department said the slippage in gross domestic 

product for the April to June period came after the economy 

was in a free fall, tumbling at a 6.4 percent pace in the 

first three months of the year, worse than the earlier 

estimate of 5.5 percent. That made the first quarter the 

worst for the economy in nearly three decades. 

 

Read More: 

http://www.nytimes.com/?emc=na