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Economy Slumps to 4-Year Low
Economy Slumps to 4-Year Low

Economy Slumps to 4-Year Low

Weak home sales, high oil prices drive slowdown

(Newser) - The country's economic growth has dwindled to its lowest rate in four years, with the housing slowdown, high energy prices, and a looming trade deficit driving lower-than-expected numbers released today. The economy grew 1.3% in the first quarter of 2007, down from 2.5% in the last three months...

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