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US economy shrank at 4.8% annual rate last quarter in the face of viral outbreak, its worst showing since 2008

Posted at 5:41 AM, Apr 29, 2020
and last updated 2020-04-29 08:41:01-04

WASHINGTON (AP) — US economy shrank at 4.8% annual rate last quarter in the face of viral outbreak, its worst showing since 2008.