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December 23, 2008

0.5% Decline In GDP Confirmed

Real gross domestic product (GDP) — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 0.5% in the third quarter of 2008, according to final estimates released by the

Bureau of Economic Analysis. 

 

The 0.5% decline was the same as the preliminary [...]

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