Comment on U.S. economy shrinks, profits plunge in Q4

U.S. economy shrinks, profits plunge in Q4

U.S. economy shrinks, profits plunge in Q4

WASHINGTON (Reuters) - The U.S. economy shrank at its fastest pace since 1982 in the fourth quarter and corporate profits plunged a record $120.1 billion, pulled down by falling consumer spending and exports, government data showed on Thursday.

 

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