U.S. economy plunges an unexpected 6.1%

04/30/2009 | NYTimes.com · Economist (free content), The

The U.S. economy contracted by 6.1% in the first quarter, the Commerce Department reported, a much sharper downturn than the 5% drop projected by many economists. The latest figure is nearly as poor as the 6.3% decline posted for the last quarter of 2008. The economy has not suffered a six-month downturn this severe since 1958.

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NYTimes.com · Economist (free content), The

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