Source: "Business This Week," The Economist, April 30, 2009."American GDP fell at an annualised rate of 6.1% in the first quarter of this year. The world’s largest economy has now contracted for three three-month periods in a row. The fall was bigger than most had expected, and puts the cumulative shrinkage so far during this recession on a par with those in the downturns of 1973-75 and 1981-82, the worst of the post-war period."
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