The government reported Thursday the economy shrank in the summer, the strongest signal yet that a recession may have already begun, a day after the Federal Reserve slashed a key interest rate to battle an economic downturn.
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Economy shrank over summer
168041
US Federal Reserve cuts key interest rate
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``US economy fell into recession last spring''
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UK economy shrinks in third quarter
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European interest rates cut.
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Australian economy starts to respond to rate cuts
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Rate hikes to weaken economic growth:
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Economy shrinks by 1.2%
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Interest rate cuts could be on way
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Further rate cut will do nothing to ignite faltering economy
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US economy shrinks
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US Federal Reserve cuts economic growth forecast
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UK is officially in recession
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Fed cuts key interest rate
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Rate cut clearly indicates a shift in policy stance towards boosting growth:
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Interest rates could fall
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Interest rates tipped to be slashed