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US economy enters 23 months of recession amid recovery hopes

Posted on: October 1st 2009 in Press Releases.

ET: WASHINGTON: Amid hopes of economic revival and worries of rising unemployment, the US economy has been in recession for 23 months, one of the longest periods since the 1930s Great Depression. Battered by the ravaging financial meltdown, the US has witnessed steep economic contraction…

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