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Economy shrinks at 6.1 percent pace in 1Q (AP)

Yahoo! News
April 29, 2009
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In this March 23, 2009 photo, a lot with a scenic view if posted for sale in the Mt. Adams neighborhood of Cincinnati. The U.S. economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending. (AP Photo/Al Behrman)AP - The economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending.




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