The US economy is in deep trouble and the latest set of GDP numbers for 2008 fourth quarter reflect the truth. The world’s largest economy fell by a sharper 6.2% due to massive job losses and also due to the financial crisis running through all the sectors. The financial mess up has forced all the banks to cut down sharply on their lending activities which is expected to be reflected more badly in coming quarters say experts. So brace yourself for still worse numbers to come till 2009 end.





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