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Recommend Grim Economic Realities: GDP Report Confirms Worst Economic Crisis since the Great Depression (Email)

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The Commerce Department on Friday sharply cut its estimate of US economic growth in the second quarter of 2010. The department revised downward its initial estimate, issued July 30, of a 2.4 percent increase in the gross domestic product (GDP) to the even more anemic figure of 1.6 percent.


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