Financial News — Economy contracts at swiftest pace since 2009 in 1Q
Economy contracts at swiftest pace since 2009 in 1Q
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The Future is Binary – The U.S. economy contracted at an annual rate of 2.9 percent in the first quarter, the biggest drop since the first quarter of 2009, from a previous estimate of a contraction of 1 percent. Wall Street expected the world’s biggest economy to shrink by an annual rate of 1.7 percent.