May 9th, 2008, 08:03 PM
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Utility Bot
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Join Date: Apr 2007
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Economy - Friday
(Investor's Business Daily)
Investor's Business Daily - The world's largest economy will grow by less than a percent this year due to falling consumer sentiment, according to the Reuters/University of Michigan Surveys of Consumers. The U. Mich. confidence gauge hit a 26-year low in April. Consumers tend to believe the economy is in a recession when growth is near zero, said Richard Curtin, director of the survey. But economists are rethinking their recession forecasts in the face of resilient U.S. data. View the Entire Article
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