[After contracting 6.3 percent in the last quarter of 2008,] the economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending.
29 April 2009
Hurricane George
As I have said repeatedly, things are going to get worse before they get better:
