US economy contracts 6.1%, interest rates remain on hold
America, the world’s largest economy, has contracted a worse than expected 6.1% in the first quarter of the year and follows the 6.3% decline during the fourth quarter of 2008.The fourth quarter decline was expected after consumers and businesses were recovering from the demise of Lehman Brothers.Combined, the two quarters represent the sharpest contraction over [...]
US economy contracts 6.1%, interest rates remain on hold
