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NewsFlash: January 30, 2008

GDP growth slows on all fronts

The announcement that Gross Domestic Product (GDP) growth slowed sharply this past quarter puts another nail in the recession coffin. “Today’s report provides plenty to support the view of those concerned about a recession in the coming year,” said EPI economist Josh Bivens. He gives a full analysis of the role this indicator plays in understanding the health of the economy in today’s GDP Picture.

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