U.S. Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop

U.S. Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop

Newsy

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Watch VideoThe U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy —...

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