The economy continued its downward slide during the first three months of the year, though at a slightly slower pace than during the last quarter of 2008.
The gross domestic product fell at an annual rate of 6.1% during the first quarter of 2009, compared with a 6.3% drop during the fourth quarter of last year, the Commerce Department announced today.
The drop was largely fueled by declines in business outlays and both exports and imports.
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