Thursday, March 26, 2009

U.S. Economy Suffered Its Largest Drop In 26 Years

New York : The government confirmed Thursday that the U.S. economy suffered its largest drop in 26 years during the fourth quarter. The nation's gross domestic product, the broadest measure of economic activity, fell at an annual rate of 6.3% during the final three months of 2008. This is quite worse then government's estimate of a 6.2% drop in the period.

Investment in equipment and software, taken as a measure of business spending, plunged at a 28% rate. Exports tumbled at a 24% rate. The economic problems have obviously not ended till now.


So how will U.S handle this worse economy breakdown?

Are the plans to boost up the economy are enough to solve this problem?

When this economy problem will find its end?

0 comments:

Its about breaking news from all over the world and readers can put their views on current events and news.

About This Blog

  © Blogger templates Newspaper III by Ourblogtemplates.com 2008

Back to TOP