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Fourth-quarter real GDP falls at 6.2% rate

February 27 2009

U.S. real gross domestic product decreased at an annual rate of 6.2% in the fourth quarter, according to a preliminary estimate by the U.S. Department of Commerce. The Associated Press reported it was the worst decline in 25 years. A previous estimate of real GDP for the fourth quarter was a decline of 3.8%.

Real GDP decreased only 0.5% in the third quarter.

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