Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

US recession deepens

Staff Reporter 1 minute read

The United States economy has taken a dramatic turn for the worse, with newly released GDP figures revealing a much worse slowdown than expected in the December quarter.

The economy shrank 6.2 per cent in the December quarter, US Commerce Department figures showed on Friday, considerably worse than the 5.4 per cent forecast by analysts.

The fourth quarter contraction was also the largest endured by the US economy since 1982.

COMMENT HERE

US recession deepens
default
TheAdviser logo
default

 

more from the adviser
regulation rules AFCA amends complaints rules following court case

The financial services ombudsman has changed its rules after the ...

meeting top view ta 62c1 Half of home owners wary of bank refinance advice

One in two borrowers does not believe banks always have their bes...

house sold Hot Property: The biggest property headlines from the week 18-22 January

Here’s the weekly round-up of the biggest news stories from acr...

FROM THE WEB