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31.4% spring slide for a US economy likely to shrink in 2020

by AP Economics Writer
| October 1, 2020 12:03 AM

WASHINGTON (AP) — The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the U.S. economy will likely shrink this year, the first time that has happened since the Great Recession.

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